Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Richard Hay presents the case for the importance, and especially the trustworthiness, of InternationalFinancial Centres. Whilst looking at the specific functions and roles that these centres occupy, he posits exactly what the world at large has to learn from them, and what they stand to lose without them. This is the second lecture from the LongFinanceSpringConference 2014.
With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011G20Summit in Cannes, PresidentNicolas Sarkozy stated, "We don't want any more tax havens. Our message is clear, countries that remain tax havens ... will be shunned by the international community". But do these centres add value? And what of onshore havens such as Delaware, Monaco, Luxembourg ... London? This symposium will explore the good, the bad and the ugly -- savings, crimes and tax. We will look at how offshore centres do add value, their dangers and how things might evolve to something, perhaps "mid-shore".
The transcript and downloadable versions of the lecture are available from the Gresham College Website: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,500 lectures free to access or download from the website.
Website: http://www.gresham.ac.uk
Twitter: http://twitter.com/GreshamCollege
Facebook: https://www.facebook.com/greshamcollege

published:13 May 2014

views:2760

Recognised as Asia's central business district and a gateway to China, Hong Kong is a global financial centre built on a free economy, enviable tax rates and firm rule of law.
Speaker:
BEN HUNG,
CEO, GREATER CHINA
STANDARD CHARTERED BANK
Learn more about the Asian Financial Forum in Hong Kong: http://www.asianfinancialforum.com/en/index.htm
More videos in this series: http://www.hkbizservices.hktdc.com/
Produced with Siren Films - http://www.sirenfilms.com/

published:17 Jul 2014

views:1284

From Sydney to New York, the world's prominent cities have seen a flood of investment in property from Asian buyers. AlistairElliott, senior partner and chairman at Knight Frank, talks to the FT's JoshNoble about what investors are looking for from property investment and where they are likely to put their money in 2014.
For more video content from the Financial Times, visit http://www.FT.com/video
Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes

Our research identifies four phases as a financial centre grows from serving a local market, to becoming a globally connected international financial centre. It also examines the common characteristics that define a centre at each stage. The full report can be downloaded from http://www.cityoflondon.gov.uk/researchpublications.

published:06 Dec 2013

views:1655

Global Financial Centres Index 15 (GFCI) 15 provides profiles, rating and rankings for 83 financial centres. The aim of the GFCI is to examine the major financial centres globally in terms of competitiveness.

published:19 Mar 2014

views:133

Speaking at the World Economic Forum inDavos, Switzerland, Jes Staley, chief executive of British lender Barclays, said he believes London will preserve its status as a financial hub after Brexit because of the complex “ecosystem” of expertise that it thrives on.
Subscribe to the WSJ channel here:
http://bit.ly/14Q81Xy
More from the Wall Street Journal:
VisitWSJ.com: http://www.wsj.com
Follow WSJ on Facebook: http://www.facebook.com/wsjvideo
Follow WSJ on Google+: https://plus.google.com/+wsj/posts
Follow WSJ on Twitter: https://twitter.com/WSJvideo
Follow WSJ on Instagram: http://instagram.com/wsj
Follow WSJ on Pinterest: http://www.pinterest.com/wsj/

published:20 Jan 2017

views:1653

AGAOGLU INVİTES THE REGİON’S INVESTORS EXCLUSİVELY TO THE LAUNCH OF WORLD’S NEWEST FİNANCİAL CENTRE AT CİTYSCAPE GLOBAL2015IstanbulFinancial Centre (IFC) project had its world premiere in Cityscape 2015 with a prestigious ribbon cutting ceremony at 2:00pm along with its introductory film on 8th of September 2015 at their booth S3 – E10 with the presence of TurkishConsul General, H.E.Erdem Ozan.
The project was inspired by studying examples of prominent financial centers around the world. Financial centers in New York, London, Dubai and in the Far East were all examined to identify needs and develop the similar business model in Turkey. The Istanbul International Financial Center project, located in one of the most prominent areas of Istanbul that promises a prestigious investment, is a LEEDGold certificate candidate; a globally accepted certificate for green buildings.
The project is slated to initially turn Istanbul into a regional financial hub and eventually grow into a global financial hub.
Istanbul International Financial Center project will rise over a 303,000 m2 land space and 3,181,116m2 of construction area. Its architecture will embody Ottoman influences from the Grand Bazaar and the Topkapı Palace. Headquarters of prominent institutions, such as Central Bank of the Republic of Turkey, Turkish RepublicZiraat Bank, Halk Bank, Vakıflar Bank, Banking Regulation and Supervision Agency and Capital Markets Board of Turkey will also be present within the project. Additionally, the project will consist of four main regions and also host private management and audit companies, several buildings that belong to banks and financial institutions, a congress and cultural centre and houses as well as support and service units.
Ali El Salih, the foreign customer relations manager of Agaoglu, states “Istanbul International Financial Center Project, with its transportation, sustainability, structural, mechanical, electrical, geotechnical, security systems, information technology and a world-class quality of infrastructure disciplines will enable the finance center to be a benchmark project amongst other financial centers and it is located at the most valuable land to investment in Istanbul.”
Tax Advantages to Foreign Investors
The IFC project will be subject to separate regulations, by introducing a special mechanism in order to support the Financial Centre business model. Tax, allocation of investment, infrastructure works and services will be placed into this special incentive arrangement, hence encouraging foreign investment.
IFC is a Project Supported by The Turkish Government
IFC project has been established with the collaboration of Ministry of Development in Turkey and it is under the guarantee of Emlak Konut endorsed by TOKİ PrimeMinistry. Major government and semi government entities will be presented with their IFC offices in Istanbul.
Legal Implementation System Practised in IFC
Agaoglu has established a system for international law regulations which will be effecting the general operation of the Istanbul International Financial Centre; from taxing to law and from human resources to marketing the entire centre.
Shopping Mall, Cinema & Conference Center
About 41 thousand square meters of the overall 98 thousand square meter of the project enables IFC to be the shining star of Istanbul located in Atasehir and will cherish its surroundings with various facilities like congress and culture centers with 2.500 capacity to host word-class events, schools, mosques, police stations, fire stations, conference halls and shopping mall. The shopping mall will have 152 commercial units of various sizes and 9 cinemas. In accordance the project will accommodate 50.000 employees influencing a lively cultural and social life will be your gateway to a prestigious world with office and residence choices. There will be a car park with the capacity to host approximately 8000 vehicles, 4300 of which will be in the third region of the project.

Note: Low quality night video.
Hello every Skyscraping bodayyy! This is a very short 1 minute video containing footage I took while visiting the highest observation deck of the Shanghai World Financial Center (100thFloor). The building resembles a bottle opener, and it is nicknamed as such. In fact, I could even buy a functional can opener in the shape of the building, on the 94th Floor gift shop! :D
The first half of the video faces east toward the Pacific Ocean. The second half faces west, with a view of the nearby Jin Mao Tower, only slightly shorter than the SWFC. Unfortunately, there was some rolling fog clipping the building, so you couldn't see much below.
I will return during the day and record much more footage of not only the ObservationPlatform, but many other areas of the building as well!

published:27 Jan 2013

views:13764

The inaugural chairman of the Hong Kong's new Financial ServicesDevelopmentCouncil, Laura Cha, says the "practitioner and market-based body" will emphasise its promotional role, helping the city compete globally with other financial centres in Asia.
Related websites:
HKTDCResearch: http://hong-kong-economy-research.hktdc.com/business-news/article/Hong-Kong-Industry-Profiles/Banking-Industry-in-Hong-Kong/hkip/en/1/1X000000/1X003ULX.htm

Financial centre

A financial centre is a location that is home to a cluster of nationally or internationally significant financial services providers such as banks, investment managers or stock exchanges. A prominent financial centre can be described as an international financial centre or a global financial centre and is often also a global city. An offshore financial centre is typically a smaller, low-tax jurisdiction that primarily serves non-residents.

Ranking

The ranking is an aggregate of indices from five key areas: "business environment", "financial sector development", "infrastructure factors", "human capital", "reputation and general factors". As of September 2015, the top centres worldwide are:

N.B. Los Angeles and Liechtenstein are new entries, having not been included in the GFCI 17 ranking.

Financial centre proﬁles

The report groups 82 of the financial centres into the following matrix:

The Future of International Financial Centres - Richard Hay

Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Richard Hay presents the case for the importance, and especially the trustworthiness, of InternationalFinancial Centres. Whilst looking at the specific functions and roles that these centres occupy, he posits exactly what the world at large has to learn from them, and what they stand to lose without them. This is the second lecture from the LongFinanceSpringConference 2014.
With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011G20Summit in Cannes, PresidentNicolas Sarkozy stated, "We don't want any more tax havens. Our message is clear, countries that remain tax havens ... will be shunned by the international community". But do these centres add value? And what of onshore havens such as Delaware, Monaco, Luxembourg ... London? This symposium will explore the good, the bad and the ugly -- savings, crimes and tax. We will look at how offshore centres do add value, their dangers and how things might evolve to something, perhaps "mid-shore".
The transcript and downloadable versions of the lecture are available from the Gresham College Website: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,500 lectures free to access or download from the website.
Website: http://www.gresham.ac.uk
Twitter: http://twitter.com/GreshamCollege
Facebook: https://www.facebook.com/greshamcollege

2:09

Asia's Global Financial Centre

Asia's Global Financial Centre

Asia's Global Financial Centre

Recognised as Asia's central business district and a gateway to China, Hong Kong is a global financial centre built on a free economy, enviable tax rates and firm rule of law.
Speaker:
BEN HUNG,
CEO, GREATER CHINA
STANDARD CHARTERED BANK
Learn more about the Asian Financial Forum in Hong Kong: http://www.asianfinancialforum.com/en/index.htm
More videos in this series: http://www.hkbizservices.hktdc.com/
Produced with Siren Films - http://www.sirenfilms.com/

5:29

Financial centres are the main attraction

Financial centres are the main attraction

Financial centres are the main attraction

From Sydney to New York, the world's prominent cities have seen a flood of investment in property from Asian buyers. AlistairElliott, senior partner and chairman at Knight Frank, talks to the FT's JoshNoble about what investors are looking for from property investment and where they are likely to put their money in 2014.
For more video content from the Financial Times, visit http://www.FT.com/video
Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes

From local to global - building a modern financial centre

Our research identifies four phases as a financial centre grows from serving a local market, to becoming a globally connected international financial centre. It also examines the common characteristics that define a centre at each stage. The full report can be downloaded from http://www.cityoflondon.gov.uk/researchpublications.

4:09

Global Financial Centres Index 15

Global Financial Centres Index 15

Global Financial Centres Index 15

Global Financial Centres Index 15 (GFCI) 15 provides profiles, rating and rankings for 83 financial centres. The aim of the GFCI is to examine the major financial centres globally in terms of competitiveness.

4:04

Barclays CEO: London Will Remain Financial Center

Barclays CEO: London Will Remain Financial Center

Barclays CEO: London Will Remain Financial Center

Speaking at the World Economic Forum inDavos, Switzerland, Jes Staley, chief executive of British lender Barclays, said he believes London will preserve its status as a financial hub after Brexit because of the complex “ecosystem” of expertise that it thrives on.
Subscribe to the WSJ channel here:
http://bit.ly/14Q81Xy
More from the Wall Street Journal:
VisitWSJ.com: http://www.wsj.com
Follow WSJ on Facebook: http://www.facebook.com/wsjvideo
Follow WSJ on Google+: https://plus.google.com/+wsj/posts
Follow WSJ on Twitter: https://twitter.com/WSJvideo
Follow WSJ on Instagram: http://instagram.com/wsj
Follow WSJ on Pinterest: http://www.pinterest.com/wsj/

2:38

Istanbul Financial Centre (IFC)

Istanbul Financial Centre (IFC)

Istanbul Financial Centre (IFC)

AGAOGLU INVİTES THE REGİON’S INVESTORS EXCLUSİVELY TO THE LAUNCH OF WORLD’S NEWEST FİNANCİAL CENTRE AT CİTYSCAPE GLOBAL2015IstanbulFinancial Centre (IFC) project had its world premiere in Cityscape 2015 with a prestigious ribbon cutting ceremony at 2:00pm along with its introductory film on 8th of September 2015 at their booth S3 – E10 with the presence of TurkishConsul General, H.E.Erdem Ozan.
The project was inspired by studying examples of prominent financial centers around the world. Financial centers in New York, London, Dubai and in the Far East were all examined to identify needs and develop the similar business model in Turkey. The Istanbul International Financial Center project, located in one of the most prominent areas of Istanbul that promises a prestigious investment, is a LEEDGold certificate candidate; a globally accepted certificate for green buildings.
The project is slated to initially turn Istanbul into a regional financial hub and eventually grow into a global financial hub.
Istanbul International Financial Center project will rise over a 303,000 m2 land space and 3,181,116m2 of construction area. Its architecture will embody Ottoman influences from the Grand Bazaar and the Topkapı Palace. Headquarters of prominent institutions, such as Central Bank of the Republic of Turkey, Turkish RepublicZiraat Bank, Halk Bank, Vakıflar Bank, Banking Regulation and Supervision Agency and Capital Markets Board of Turkey will also be present within the project. Additionally, the project will consist of four main regions and also host private management and audit companies, several buildings that belong to banks and financial institutions, a congress and cultural centre and houses as well as support and service units.
Ali El Salih, the foreign customer relations manager of Agaoglu, states “Istanbul International Financial Center Project, with its transportation, sustainability, structural, mechanical, electrical, geotechnical, security systems, information technology and a world-class quality of infrastructure disciplines will enable the finance center to be a benchmark project amongst other financial centers and it is located at the most valuable land to investment in Istanbul.”
Tax Advantages to Foreign Investors
The IFC project will be subject to separate regulations, by introducing a special mechanism in order to support the Financial Centre business model. Tax, allocation of investment, infrastructure works and services will be placed into this special incentive arrangement, hence encouraging foreign investment.
IFC is a Project Supported by The Turkish Government
IFC project has been established with the collaboration of Ministry of Development in Turkey and it is under the guarantee of Emlak Konut endorsed by TOKİ PrimeMinistry. Major government and semi government entities will be presented with their IFC offices in Istanbul.
Legal Implementation System Practised in IFC
Agaoglu has established a system for international law regulations which will be effecting the general operation of the Istanbul International Financial Centre; from taxing to law and from human resources to marketing the entire centre.
Shopping Mall, Cinema & Conference Center
About 41 thousand square meters of the overall 98 thousand square meter of the project enables IFC to be the shining star of Istanbul located in Atasehir and will cherish its surroundings with various facilities like congress and culture centers with 2.500 capacity to host word-class events, schools, mosques, police stations, fire stations, conference halls and shopping mall. The shopping mall will have 152 commercial units of various sizes and 9 cinemas. In accordance the project will accommodate 50.000 employees influencing a lively cultural and social life will be your gateway to a prestigious world with office and residence choices. There will be a car park with the capacity to host approximately 8000 vehicles, 4300 of which will be in the third region of the project.

The 100th Floor Observation Deck of the Shanghai World Financial Center

The 100th Floor Observation Deck of the Shanghai World Financial Center

The 100th Floor Observation Deck of the Shanghai World Financial Center

Note: Low quality night video.
Hello every Skyscraping bodayyy! This is a very short 1 minute video containing footage I took while visiting the highest observation deck of the Shanghai World Financial Center (100thFloor). The building resembles a bottle opener, and it is nicknamed as such. In fact, I could even buy a functional can opener in the shape of the building, on the 94th Floor gift shop! :D
The first half of the video faces east toward the Pacific Ocean. The second half faces west, with a view of the nearby Jin Mao Tower, only slightly shorter than the SWFC. Unfortunately, there was some rolling fog clipping the building, so you couldn't see much below.
I will return during the day and record much more footage of not only the ObservationPlatform, but many other areas of the building as well!

6:02

Promoting a global financial centre

Promoting a global financial centre

Promoting a global financial centre

The inaugural chairman of the Hong Kong's new Financial ServicesDevelopmentCouncil, Laura Cha, says the "practitioner and market-based body" will emphasise its promotional role, helping the city compete globally with other financial centres in Asia.
Related websites:
HKTDCResearch: http://hong-kong-economy-research.hktdc.com/business-news/article/Hong-Kong-Industry-Profiles/Banking-Industry-in-Hong-Kong/hkip/en/1/1X000000/1X003ULX.htm

13:08

What is OFFSHORE FINANCIAL CENTRE? What does OFFSHORE FINANCIAL CENTRE mean?

What is OFFSHORE FINANCIAL CENTRE? What does OFFSHORE FINANCIAL CENTRE mean?

What is OFFSHORE FINANCIAL CENTRE? What does OFFSHORE FINANCIAL CENTRE mean?

What is OFFSHORE FINANCIAL CENTRE? What does OFFSHORE FINANCIAL CENTRE mean? OFFSHORE FINANCIAL CENTRE meaning - OFFSHORE FINANCIAL CENTRE definition - OFFSHORE FINANCIAL CENTRE explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
An offshore financial centre (OFC) is a small, low-tax jurisdiction specializing in providing corporate and commercial services to non-resident offshore companies, and for the investment of offshore funds. The term was coined in the 1980s. The International Monetary Fund (IMF) defines an offshore financial centre as "a country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing of its domestic economy." Although information is still limited, there is strong evidence that OFCs captured a significant amount of global financial flows and functions both as back doors and partners of leading financial centre especially since the 1970s.
Whether a financial centre is to be characterized as "offshore" is a question of degree. Indeed, the IMF WorkingPaper cited above notes that its definition of an offshore centre would include the United Kingdom and the United States, which are ordinarily counted as "onshore" because of their large populations and inclusion in international organisations such as the G20 and OECD.
The more nebulous term "tax haven" is often applied to offshore centres, leading to confusion between the two concepts. In Tolley's International Initiatives Affecting Financial Havens the author in the Glossary of Terms defines an "offshore financial centre" in forthright terms as "a politically correct term for what used to be called a tax haven." However, he then qualifies this by adding, "The use of this term makes the important point that a jurisdiction may provide specific facilities for offshore financial centres without being in any general sense a tax haven." A 1981 report by the United States Internal Revenue Service concluded: "a country is a tax haven if it looks like one and if it is considered to be one by those who care."
With its connotations of financial secrecy and tax avoidance, "tax haven" is not always an appropriate term for offshore financial centres, many of which have no statutory banking secrecy, and most of which have adopted tax information exchange protocols to allow foreign countries to investigate suspected tax evasion.
Views of offshore financial centres tend to be polarised. Proponents suggest that reputable offshore financial centres play a legitimate and integral role in international finance and trade, and that their zero-tax structure allows financial planning and risk management and makes possible some of the cross-border vehicles necessary for global trade, including financing for aircraft and shipping or reinsurance of medical facilities. Proponents point to the tacit support of offshore centres by the governments of the United States (which promotes offshore financial centres by the continuing use of the Foreign Sales Corporation (FSC)) and United Kingdom (which actively promotes offshore finance in Caribbean dependent territories to help them diversify their economies and to facilitate the British Eurobond market). Opponents view them as draining tax revenues away from developed countries by allowing tax arbitrage, and rendering capital flows into and out of developing countries opaque. Very few commentators express neutral views.
Overseas Private Investment Corporation (OPIC), a U.S. government agency, when lending into countries with underdeveloped corporate law, often requires the borrower to form an offshore vehicle to facilitate the loan financing. One could argue that US external aid statutorily cannot even take place without the formation of offshore entities.
Offshore finance has been the subject of increased attention since 2000 and even more so since the April 2009G20 meeting, when heads of state resolved to "take action" against non-cooperative jurisdictions. Initiatives spearheaded by the Organisation for Economic Co-operation and Development (OECD), the Financial Action Task Force on Money Laundering (FATF) and the International Monetary Fund have had a significant effect on the offshore finance industry.

3:58

Edinburgh: A Leading European Financial Centre

Edinburgh: A Leading European Financial Centre

Edinburgh: A Leading European Financial Centre

Edinburgh is one of the world's top fund management hubs and a major European centre for asset servicing. More than half of the world’s top 20 financial organisations have substantial operations in Scotland, with a critical mass of activity in and around Edinburgh. It is the UK’s second largest financial centre with a growing reputation in the fintech economy.

0:47

Seoul ranks 8th on Global Financial Centres Index 국제금융 경쟁력 서울 8위

Seoul ranks 8th on Global Financial Centres Index 국제금융 경쟁력 서울 8위

Seoul ranks 8th on Global Financial Centres Index 국제금융 경쟁력 서울 8위

Seoul remains a highly competitive, global financial city.
We rank 8th among 83 major cities on the latest Global Financial Centres Index.
Korea′s southern port city of Busan was 28th on the survey, conducted by London-based consultancy think tank Z/Yen Group.
However, both cities actually went down a spot from the last report six months ago, according to the Korea Institute of Finance.
New York and London placed first and second on the survey, followed by Hong Kong and Singapore.
The index defines financial centers as global cities with a heavy concentration of internationally significant financial institutions... and the rankings are based on six categories, including business and living environment, market access and human resources.

1:03

DIFC - More Than Just a Top Ten Global Financial Centre

DIFC - More Than Just a Top Ten Global Financial Centre

DIFC - More Than Just a Top Ten Global Financial Centre

Dubai International Financial Centre (DIFC) is the leading financial hub in the Middle East, Africa, and South Asia region (MEASA), providing a world-class platform connecting the region’s markets with the economies of Europe, Asia and the Americas.
Including an independent regulator and judicial system, a global financial exchange, inspiring architecture, powerful, enabling support services and a vibrant business community.
The infrastructure within the district features ultra-modern office space, retail outlets, cafes and restaurants, art galleries, residential apartments, public green areas and hotels.
Currently, more than 1750 active registered companies operate from the Centre, with a combined workforce of over 21,000 people.

On the Money: Moscow as global financial center?

DevelopingRussia's financial sector. With the global financial crisis of 2008--2010 underlining the need to develop the Russian financial sector, the call by President Medvedev to place Moscow on the map of global financial centers has met a range of replies -- from disparagement to support for what is seen as a legitimate need for corporate Russia. On the Money spoke with industry players to look at the issues involved. Peter Lavelle's guests are:
Alexey Moiseev, VTB Capital, head of macroeconomic analysis. Before joining VTB Capital's Research team Alexey Moiseev has worked as an analyst at both Russian and international financial institutions, after starting his career at the Central Bank of Russia. Prior to VTB, Moiseev was head of Head of Fixed Income Research at Renaissance Capital for six years.
HawkSunshine, IFC METROPOL, managing director; Portfolio Investments. Hawk Sunshine has worked in Russian capital markets since 1997 (for Sovlink, DeutscheBank, Rosinter). In 2005 he joined IFC Metropol, having previously been head of international equity sales, head of equities, and head of investment banking, in 2010 Sunshine became head of portfolio management.
Julia Tsepliaeva, BNP Paribas, head of research, chief economist on Russia & CIS. She joined BNP Paribas in 2010 as a chief economist for Russia and CIS, and leads the Moscow-based Analytics department of the BNP Paribas. In this role she is responsible for Russian macroeconomic analysis and forecasting, and wider regional economic and political trend analysis for BNP Paribas clients.
Daniel Salter, UniCredit Securities, chief EEMEA equity strategist. Appointed in 2010 to co-ordinate UniCredit's EMEA strategy product, Mr. Salter previously worked for Deutsche Asset Management, where he was promoted to portfolio manager. He has lived in Moscow since 2000, where he initially headed up ABN AMRO's Russian equity business. Before joining UniCredit in 2010, Mr. Salter spent seven years at ING as emerging markets equity strategist.

The Future of International Financial Centres - Richard Hay

Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Richard Hay presents the case for the importance, and especially the trustworthiness, of InternationalFinancial Centres. Whilst looking at the specific functions and roles that these centres occupy, he posits exactly what the world at large has to learn from them, and what they stand to lose without them. This is the second lecture from the LongFinanceSpringConference 2014.
With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011G20Summit...

published: 13 May 2014

Asia's Global Financial Centre

Recognised as Asia's central business district and a gateway to China, Hong Kong is a global financial centre built on a free economy, enviable tax rates and firm rule of law.
Speaker:
BEN HUNG,
CEO, GREATER CHINA
STANDARD CHARTERED BANK
Learn more about the Asian Financial Forum in Hong Kong: http://www.asianfinancialforum.com/en/index.htm
More videos in this series: http://www.hkbizservices.hktdc.com/
Produced with Siren Films - http://www.sirenfilms.com/

published: 17 Jul 2014

Financial centres are the main attraction

From Sydney to New York, the world's prominent cities have seen a flood of investment in property from Asian buyers. AlistairElliott, senior partner and chairman at Knight Frank, talks to the FT's JoshNoble about what investors are looking for from property investment and where they are likely to put their money in 2014.
For more video content from the Financial Times, visit http://www.FT.com/video
Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes

From local to global - building a modern financial centre

Our research identifies four phases as a financial centre grows from serving a local market, to becoming a globally connected international financial centre. It also examines the common characteristics that define a centre at each stage. The full report can be downloaded from http://www.cityoflondon.gov.uk/researchpublications.

published: 06 Dec 2013

Global Financial Centres Index 15

Global Financial Centres Index 15 (GFCI) 15 provides profiles, rating and rankings for 83 financial centres. The aim of the GFCI is to examine the major financial centres globally in terms of competitiveness.

published: 19 Mar 2014

Barclays CEO: London Will Remain Financial Center

Speaking at the World Economic Forum inDavos, Switzerland, Jes Staley, chief executive of British lender Barclays, said he believes London will preserve its status as a financial hub after Brexit because of the complex “ecosystem” of expertise that it thrives on.
Subscribe to the WSJ channel here:
http://bit.ly/14Q81Xy
More from the Wall Street Journal:
VisitWSJ.com: http://www.wsj.com
Follow WSJ on Facebook: http://www.facebook.com/wsjvideo
Follow WSJ on Google+: https://plus.google.com/+wsj/posts
Follow WSJ on Twitter: https://twitter.com/WSJvideo
Follow WSJ on Instagram: http://instagram.com/wsj
Follow WSJ on Pinterest: http://www.pinterest.com/wsj/

The 100th Floor Observation Deck of the Shanghai World Financial Center

Note: Low quality night video.
Hello every Skyscraping bodayyy! This is a very short 1 minute video containing footage I took while visiting the highest observation deck of the Shanghai World Financial Center (100thFloor). The building resembles a bottle opener, and it is nicknamed as such. In fact, I could even buy a functional can opener in the shape of the building, on the 94th Floor gift shop! :D
The first half of the video faces east toward the Pacific Ocean. The second half faces west, with a view of the nearby Jin Mao Tower, only slightly shorter than the SWFC. Unfortunately, there was some rolling fog clipping the building, so you couldn't see much below.
I will return during the day and record much more footage of not only the ObservationPlatform, but many other areas...

published: 27 Jan 2013

Promoting a global financial centre

The inaugural chairman of the Hong Kong's new Financial ServicesDevelopmentCouncil, Laura Cha, says the "practitioner and market-based body" will emphasise its promotional role, helping the city compete globally with other financial centres in Asia.
Related websites:
HKTDCResearch: http://hong-kong-economy-research.hktdc.com/business-news/article/Hong-Kong-Industry-Profiles/Banking-Industry-in-Hong-Kong/hkip/en/1/1X000000/1X003ULX.htm

published: 03 Apr 2013

What is OFFSHORE FINANCIAL CENTRE? What does OFFSHORE FINANCIAL CENTRE mean?

What is OFFSHORE FINANCIAL CENTRE? What does OFFSHORE FINANCIAL CENTRE mean? OFFSHORE FINANCIAL CENTRE meaning - OFFSHORE FINANCIAL CENTRE definition - OFFSHORE FINANCIAL CENTRE explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
An offshore financial centre (OFC) is a small, low-tax jurisdiction specializing in providing corporate and commercial services to non-resident offshore companies, and for the investment of offshore funds. The term was coined in the 1980s. The International Monetary Fund (IMF) defines an offshore financial centre as "a country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing of its domestic economy." Although informatio...

published: 19 Apr 2017

Edinburgh: A Leading European Financial Centre

Edinburgh is one of the world's top fund management hubs and a major European centre for asset servicing. More than half of the world’s top 20 financial organisations have substantial operations in Scotland, with a critical mass of activity in and around Edinburgh. It is the UK’s second largest financial centre with a growing reputation in the fintech economy.

published: 10 Mar 2016

Seoul ranks 8th on Global Financial Centres Index 국제금융 경쟁력 서울 8위

Seoul remains a highly competitive, global financial city.
We rank 8th among 83 major cities on the latest Global Financial Centres Index.
Korea′s southern port city of Busan was 28th on the survey, conducted by London-based consultancy think tank Z/Yen Group.
However, both cities actually went down a spot from the last report six months ago, according to the Korea Institute of Finance.
New York and London placed first and second on the survey, followed by Hong Kong and Singapore.
The index defines financial centers as global cities with a heavy concentration of internationally significant financial institutions... and the rankings are based on six categories, including business and living environment, market access and human resources.

published: 29 Oct 2014

DIFC - More Than Just a Top Ten Global Financial Centre

Dubai International Financial Centre (DIFC) is the leading financial hub in the Middle East, Africa, and South Asia region (MEASA), providing a world-class platform connecting the region’s markets with the economies of Europe, Asia and the Americas.
Including an independent regulator and judicial system, a global financial exchange, inspiring architecture, powerful, enabling support services and a vibrant business community.
The infrastructure within the district features ultra-modern office space, retail outlets, cafes and restaurants, art galleries, residential apartments, public green areas and hotels.
Currently, more than 1750 active registered companies operate from the Centre, with a combined workforce of over 21,000 people.

On the Money: Moscow as global financial center?

DevelopingRussia's financial sector. With the global financial crisis of 2008--2010 underlining the need to develop the Russian financial sector, the call by President Medvedev to place Moscow on the map of global financial centers has met a range of replies -- from disparagement to support for what is seen as a legitimate need for corporate Russia. On the Money spoke with industry players to look at the issues involved. Peter Lavelle's guests are:
Alexey Moiseev, VTB Capital, head of macroeconomic analysis. Before joining VTB Capital's Research team Alexey Moiseev has worked as an analyst at both Russian and international financial institutions, after starting his career at the Central Bank of Russia. Prior to VTB, Moiseev was head of Head of Fixed Income Research at Renaissance Capital...

The Future of International Financial Centres - Richard Hay

Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
...

Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Richard Hay presents the case for the importance, and especially the trustworthiness, of InternationalFinancial Centres. Whilst looking at the specific functions and roles that these centres occupy, he posits exactly what the world at large has to learn from them, and what they stand to lose without them. This is the second lecture from the LongFinanceSpringConference 2014.
With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011G20Summit in Cannes, PresidentNicolas Sarkozy stated, "We don't want any more tax havens. Our message is clear, countries that remain tax havens ... will be shunned by the international community". But do these centres add value? And what of onshore havens such as Delaware, Monaco, Luxembourg ... London? This symposium will explore the good, the bad and the ugly -- savings, crimes and tax. We will look at how offshore centres do add value, their dangers and how things might evolve to something, perhaps "mid-shore".
The transcript and downloadable versions of the lecture are available from the Gresham College Website: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,500 lectures free to access or download from the website.
Website: http://www.gresham.ac.uk
Twitter: http://twitter.com/GreshamCollege
Facebook: https://www.facebook.com/greshamcollege

Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Richard Hay presents the case for the importance, and especially the trustworthiness, of InternationalFinancial Centres. Whilst looking at the specific functions and roles that these centres occupy, he posits exactly what the world at large has to learn from them, and what they stand to lose without them. This is the second lecture from the LongFinanceSpringConference 2014.
With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011G20Summit in Cannes, PresidentNicolas Sarkozy stated, "We don't want any more tax havens. Our message is clear, countries that remain tax havens ... will be shunned by the international community". But do these centres add value? And what of onshore havens such as Delaware, Monaco, Luxembourg ... London? This symposium will explore the good, the bad and the ugly -- savings, crimes and tax. We will look at how offshore centres do add value, their dangers and how things might evolve to something, perhaps "mid-shore".
The transcript and downloadable versions of the lecture are available from the Gresham College Website: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,500 lectures free to access or download from the website.
Website: http://www.gresham.ac.uk
Twitter: http://twitter.com/GreshamCollege
Facebook: https://www.facebook.com/greshamcollege

Asia's Global Financial Centre

Recognised as Asia's central business district and a gateway to China, Hong Kong is a global financial centre built on a free economy, enviable tax rates and fi...

Recognised as Asia's central business district and a gateway to China, Hong Kong is a global financial centre built on a free economy, enviable tax rates and firm rule of law.
Speaker:
BEN HUNG,
CEO, GREATER CHINA
STANDARD CHARTERED BANK
Learn more about the Asian Financial Forum in Hong Kong: http://www.asianfinancialforum.com/en/index.htm
More videos in this series: http://www.hkbizservices.hktdc.com/
Produced with Siren Films - http://www.sirenfilms.com/

Recognised as Asia's central business district and a gateway to China, Hong Kong is a global financial centre built on a free economy, enviable tax rates and firm rule of law.
Speaker:
BEN HUNG,
CEO, GREATER CHINA
STANDARD CHARTERED BANK
Learn more about the Asian Financial Forum in Hong Kong: http://www.asianfinancialforum.com/en/index.htm
More videos in this series: http://www.hkbizservices.hktdc.com/
Produced with Siren Films - http://www.sirenfilms.com/

From Sydney to New York, the world's prominent cities have seen a flood of investment in property from Asian buyers. AlistairElliott, senior partner and chairman at Knight Frank, talks to the FT's JoshNoble about what investors are looking for from property investment and where they are likely to put their money in 2014.
For more video content from the Financial Times, visit http://www.FT.com/video
Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes

From Sydney to New York, the world's prominent cities have seen a flood of investment in property from Asian buyers. AlistairElliott, senior partner and chairman at Knight Frank, talks to the FT's JoshNoble about what investors are looking for from property investment and where they are likely to put their money in 2014.
For more video content from the Financial Times, visit http://www.FT.com/video
Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes

From local to global - building a modern financial centre

Our research identifies four phases as a financial centre grows from serving a local market, to becoming a globally connected international financial centre. It...

Our research identifies four phases as a financial centre grows from serving a local market, to becoming a globally connected international financial centre. It also examines the common characteristics that define a centre at each stage. The full report can be downloaded from http://www.cityoflondon.gov.uk/researchpublications.

Our research identifies four phases as a financial centre grows from serving a local market, to becoming a globally connected international financial centre. It also examines the common characteristics that define a centre at each stage. The full report can be downloaded from http://www.cityoflondon.gov.uk/researchpublications.

Global Financial Centres Index 15 (GFCI) 15 provides profiles, rating and rankings for 83 financial centres. The aim of the GFCI is to examine the major financial centres globally in terms of competitiveness.

Global Financial Centres Index 15 (GFCI) 15 provides profiles, rating and rankings for 83 financial centres. The aim of the GFCI is to examine the major financial centres globally in terms of competitiveness.

Speaking at the World Economic Forum inDavos, Switzerland, Jes Staley, chief executive of British lender Barclays, said he believes London will preserve its status as a financial hub after Brexit because of the complex “ecosystem” of expertise that it thrives on.
Subscribe to the WSJ channel here:
http://bit.ly/14Q81Xy
More from the Wall Street Journal:
VisitWSJ.com: http://www.wsj.com
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Speaking at the World Economic Forum inDavos, Switzerland, Jes Staley, chief executive of British lender Barclays, said he believes London will preserve its status as a financial hub after Brexit because of the complex “ecosystem” of expertise that it thrives on.
Subscribe to the WSJ channel here:
http://bit.ly/14Q81Xy
More from the Wall Street Journal:
VisitWSJ.com: http://www.wsj.com
Follow WSJ on Facebook: http://www.facebook.com/wsjvideo
Follow WSJ on Google+: https://plus.google.com/+wsj/posts
Follow WSJ on Twitter: https://twitter.com/WSJvideo
Follow WSJ on Instagram: http://instagram.com/wsj
Follow WSJ on Pinterest: http://www.pinterest.com/wsj/

AGAOGLU INVİTES THE REGİON’S INVESTORS EXCLUSİVELY TO THE LAUNCH OF WORLD’S NEWEST FİNANCİAL CENTRE AT CİTYSCAPE GLOBAL2015IstanbulFinancial Centre (IFC) project had its world premiere in Cityscape 2015 with a prestigious ribbon cutting ceremony at 2:00pm along with its introductory film on 8th of September 2015 at their booth S3 – E10 with the presence of TurkishConsul General, H.E.Erdem Ozan.
The project was inspired by studying examples of prominent financial centers around the world. Financial centers in New York, London, Dubai and in the Far East were all examined to identify needs and develop the similar business model in Turkey. The Istanbul International Financial Center project, located in one of the most prominent areas of Istanbul that promises a prestigious investment, is a LEEDGold certificate candidate; a globally accepted certificate for green buildings.
The project is slated to initially turn Istanbul into a regional financial hub and eventually grow into a global financial hub.
Istanbul International Financial Center project will rise over a 303,000 m2 land space and 3,181,116m2 of construction area. Its architecture will embody Ottoman influences from the Grand Bazaar and the Topkapı Palace. Headquarters of prominent institutions, such as Central Bank of the Republic of Turkey, Turkish RepublicZiraat Bank, Halk Bank, Vakıflar Bank, Banking Regulation and Supervision Agency and Capital Markets Board of Turkey will also be present within the project. Additionally, the project will consist of four main regions and also host private management and audit companies, several buildings that belong to banks and financial institutions, a congress and cultural centre and houses as well as support and service units.
Ali El Salih, the foreign customer relations manager of Agaoglu, states “Istanbul International Financial Center Project, with its transportation, sustainability, structural, mechanical, electrical, geotechnical, security systems, information technology and a world-class quality of infrastructure disciplines will enable the finance center to be a benchmark project amongst other financial centers and it is located at the most valuable land to investment in Istanbul.”
Tax Advantages to Foreign Investors
The IFC project will be subject to separate regulations, by introducing a special mechanism in order to support the Financial Centre business model. Tax, allocation of investment, infrastructure works and services will be placed into this special incentive arrangement, hence encouraging foreign investment.
IFC is a Project Supported by The Turkish Government
IFC project has been established with the collaboration of Ministry of Development in Turkey and it is under the guarantee of Emlak Konut endorsed by TOKİ PrimeMinistry. Major government and semi government entities will be presented with their IFC offices in Istanbul.
Legal Implementation System Practised in IFC
Agaoglu has established a system for international law regulations which will be effecting the general operation of the Istanbul International Financial Centre; from taxing to law and from human resources to marketing the entire centre.
Shopping Mall, Cinema & Conference Center
About 41 thousand square meters of the overall 98 thousand square meter of the project enables IFC to be the shining star of Istanbul located in Atasehir and will cherish its surroundings with various facilities like congress and culture centers with 2.500 capacity to host word-class events, schools, mosques, police stations, fire stations, conference halls and shopping mall. The shopping mall will have 152 commercial units of various sizes and 9 cinemas. In accordance the project will accommodate 50.000 employees influencing a lively cultural and social life will be your gateway to a prestigious world with office and residence choices. There will be a car park with the capacity to host approximately 8000 vehicles, 4300 of which will be in the third region of the project.

AGAOGLU INVİTES THE REGİON’S INVESTORS EXCLUSİVELY TO THE LAUNCH OF WORLD’S NEWEST FİNANCİAL CENTRE AT CİTYSCAPE GLOBAL2015IstanbulFinancial Centre (IFC) project had its world premiere in Cityscape 2015 with a prestigious ribbon cutting ceremony at 2:00pm along with its introductory film on 8th of September 2015 at their booth S3 – E10 with the presence of TurkishConsul General, H.E.Erdem Ozan.
The project was inspired by studying examples of prominent financial centers around the world. Financial centers in New York, London, Dubai and in the Far East were all examined to identify needs and develop the similar business model in Turkey. The Istanbul International Financial Center project, located in one of the most prominent areas of Istanbul that promises a prestigious investment, is a LEEDGold certificate candidate; a globally accepted certificate for green buildings.
The project is slated to initially turn Istanbul into a regional financial hub and eventually grow into a global financial hub.
Istanbul International Financial Center project will rise over a 303,000 m2 land space and 3,181,116m2 of construction area. Its architecture will embody Ottoman influences from the Grand Bazaar and the Topkapı Palace. Headquarters of prominent institutions, such as Central Bank of the Republic of Turkey, Turkish RepublicZiraat Bank, Halk Bank, Vakıflar Bank, Banking Regulation and Supervision Agency and Capital Markets Board of Turkey will also be present within the project. Additionally, the project will consist of four main regions and also host private management and audit companies, several buildings that belong to banks and financial institutions, a congress and cultural centre and houses as well as support and service units.
Ali El Salih, the foreign customer relations manager of Agaoglu, states “Istanbul International Financial Center Project, with its transportation, sustainability, structural, mechanical, electrical, geotechnical, security systems, information technology and a world-class quality of infrastructure disciplines will enable the finance center to be a benchmark project amongst other financial centers and it is located at the most valuable land to investment in Istanbul.”
Tax Advantages to Foreign Investors
The IFC project will be subject to separate regulations, by introducing a special mechanism in order to support the Financial Centre business model. Tax, allocation of investment, infrastructure works and services will be placed into this special incentive arrangement, hence encouraging foreign investment.
IFC is a Project Supported by The Turkish Government
IFC project has been established with the collaboration of Ministry of Development in Turkey and it is under the guarantee of Emlak Konut endorsed by TOKİ PrimeMinistry. Major government and semi government entities will be presented with their IFC offices in Istanbul.
Legal Implementation System Practised in IFC
Agaoglu has established a system for international law regulations which will be effecting the general operation of the Istanbul International Financial Centre; from taxing to law and from human resources to marketing the entire centre.
Shopping Mall, Cinema & Conference Center
About 41 thousand square meters of the overall 98 thousand square meter of the project enables IFC to be the shining star of Istanbul located in Atasehir and will cherish its surroundings with various facilities like congress and culture centers with 2.500 capacity to host word-class events, schools, mosques, police stations, fire stations, conference halls and shopping mall. The shopping mall will have 152 commercial units of various sizes and 9 cinemas. In accordance the project will accommodate 50.000 employees influencing a lively cultural and social life will be your gateway to a prestigious world with office and residence choices. There will be a car park with the capacity to host approximately 8000 vehicles, 4300 of which will be in the third region of the project.

The 100th Floor Observation Deck of the Shanghai World Financial Center

Note: Low quality night video.
Hello every Skyscraping bodayyy! This is a very short 1 minute video containing footage I took while visiting the highest obser...

Note: Low quality night video.
Hello every Skyscraping bodayyy! This is a very short 1 minute video containing footage I took while visiting the highest observation deck of the Shanghai World Financial Center (100thFloor). The building resembles a bottle opener, and it is nicknamed as such. In fact, I could even buy a functional can opener in the shape of the building, on the 94th Floor gift shop! :D
The first half of the video faces east toward the Pacific Ocean. The second half faces west, with a view of the nearby Jin Mao Tower, only slightly shorter than the SWFC. Unfortunately, there was some rolling fog clipping the building, so you couldn't see much below.
I will return during the day and record much more footage of not only the ObservationPlatform, but many other areas of the building as well!

Note: Low quality night video.
Hello every Skyscraping bodayyy! This is a very short 1 minute video containing footage I took while visiting the highest observation deck of the Shanghai World Financial Center (100thFloor). The building resembles a bottle opener, and it is nicknamed as such. In fact, I could even buy a functional can opener in the shape of the building, on the 94th Floor gift shop! :D
The first half of the video faces east toward the Pacific Ocean. The second half faces west, with a view of the nearby Jin Mao Tower, only slightly shorter than the SWFC. Unfortunately, there was some rolling fog clipping the building, so you couldn't see much below.
I will return during the day and record much more footage of not only the ObservationPlatform, but many other areas of the building as well!

The inaugural chairman of the Hong Kong's new Financial ServicesDevelopmentCouncil, Laura Cha, says the "practitioner and market-based body" will emphasise its promotional role, helping the city compete globally with other financial centres in Asia.
Related websites:
HKTDCResearch: http://hong-kong-economy-research.hktdc.com/business-news/article/Hong-Kong-Industry-Profiles/Banking-Industry-in-Hong-Kong/hkip/en/1/1X000000/1X003ULX.htm

The inaugural chairman of the Hong Kong's new Financial ServicesDevelopmentCouncil, Laura Cha, says the "practitioner and market-based body" will emphasise its promotional role, helping the city compete globally with other financial centres in Asia.
Related websites:
HKTDCResearch: http://hong-kong-economy-research.hktdc.com/business-news/article/Hong-Kong-Industry-Profiles/Banking-Industry-in-Hong-Kong/hkip/en/1/1X000000/1X003ULX.htm

published:03 Apr 2013

views:260

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What is OFFSHORE FINANCIAL CENTRE? What does OFFSHORE FINANCIAL CENTRE mean?

What is OFFSHORE FINANCIAL CENTRE? What does OFFSHORE FINANCIAL CENTRE mean? OFFSHORE FINANCIAL CENTRE meaning - OFFSHORE FINANCIAL CENTRE definition - OFFSHORE FINANCIAL CENTRE explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
An offshore financial centre (OFC) is a small, low-tax jurisdiction specializing in providing corporate and commercial services to non-resident offshore companies, and for the investment of offshore funds. The term was coined in the 1980s. The International Monetary Fund (IMF) defines an offshore financial centre as "a country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing of its domestic economy." Although information is still limited, there is strong evidence that OFCs captured a significant amount of global financial flows and functions both as back doors and partners of leading financial centre especially since the 1970s.
Whether a financial centre is to be characterized as "offshore" is a question of degree. Indeed, the IMF WorkingPaper cited above notes that its definition of an offshore centre would include the United Kingdom and the United States, which are ordinarily counted as "onshore" because of their large populations and inclusion in international organisations such as the G20 and OECD.
The more nebulous term "tax haven" is often applied to offshore centres, leading to confusion between the two concepts. In Tolley's International Initiatives Affecting Financial Havens the author in the Glossary of Terms defines an "offshore financial centre" in forthright terms as "a politically correct term for what used to be called a tax haven." However, he then qualifies this by adding, "The use of this term makes the important point that a jurisdiction may provide specific facilities for offshore financial centres without being in any general sense a tax haven." A 1981 report by the United States Internal Revenue Service concluded: "a country is a tax haven if it looks like one and if it is considered to be one by those who care."
With its connotations of financial secrecy and tax avoidance, "tax haven" is not always an appropriate term for offshore financial centres, many of which have no statutory banking secrecy, and most of which have adopted tax information exchange protocols to allow foreign countries to investigate suspected tax evasion.
Views of offshore financial centres tend to be polarised. Proponents suggest that reputable offshore financial centres play a legitimate and integral role in international finance and trade, and that their zero-tax structure allows financial planning and risk management and makes possible some of the cross-border vehicles necessary for global trade, including financing for aircraft and shipping or reinsurance of medical facilities. Proponents point to the tacit support of offshore centres by the governments of the United States (which promotes offshore financial centres by the continuing use of the Foreign Sales Corporation (FSC)) and United Kingdom (which actively promotes offshore finance in Caribbean dependent territories to help them diversify their economies and to facilitate the British Eurobond market). Opponents view them as draining tax revenues away from developed countries by allowing tax arbitrage, and rendering capital flows into and out of developing countries opaque. Very few commentators express neutral views.
Overseas Private Investment Corporation (OPIC), a U.S. government agency, when lending into countries with underdeveloped corporate law, often requires the borrower to form an offshore vehicle to facilitate the loan financing. One could argue that US external aid statutorily cannot even take place without the formation of offshore entities.
Offshore finance has been the subject of increased attention since 2000 and even more so since the April 2009G20 meeting, when heads of state resolved to "take action" against non-cooperative jurisdictions. Initiatives spearheaded by the Organisation for Economic Co-operation and Development (OECD), the Financial Action Task Force on Money Laundering (FATF) and the International Monetary Fund have had a significant effect on the offshore finance industry.

What is OFFSHORE FINANCIAL CENTRE? What does OFFSHORE FINANCIAL CENTRE mean? OFFSHORE FINANCIAL CENTRE meaning - OFFSHORE FINANCIAL CENTRE definition - OFFSHORE FINANCIAL CENTRE explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
An offshore financial centre (OFC) is a small, low-tax jurisdiction specializing in providing corporate and commercial services to non-resident offshore companies, and for the investment of offshore funds. The term was coined in the 1980s. The International Monetary Fund (IMF) defines an offshore financial centre as "a country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing of its domestic economy." Although information is still limited, there is strong evidence that OFCs captured a significant amount of global financial flows and functions both as back doors and partners of leading financial centre especially since the 1970s.
Whether a financial centre is to be characterized as "offshore" is a question of degree. Indeed, the IMF WorkingPaper cited above notes that its definition of an offshore centre would include the United Kingdom and the United States, which are ordinarily counted as "onshore" because of their large populations and inclusion in international organisations such as the G20 and OECD.
The more nebulous term "tax haven" is often applied to offshore centres, leading to confusion between the two concepts. In Tolley's International Initiatives Affecting Financial Havens the author in the Glossary of Terms defines an "offshore financial centre" in forthright terms as "a politically correct term for what used to be called a tax haven." However, he then qualifies this by adding, "The use of this term makes the important point that a jurisdiction may provide specific facilities for offshore financial centres without being in any general sense a tax haven." A 1981 report by the United States Internal Revenue Service concluded: "a country is a tax haven if it looks like one and if it is considered to be one by those who care."
With its connotations of financial secrecy and tax avoidance, "tax haven" is not always an appropriate term for offshore financial centres, many of which have no statutory banking secrecy, and most of which have adopted tax information exchange protocols to allow foreign countries to investigate suspected tax evasion.
Views of offshore financial centres tend to be polarised. Proponents suggest that reputable offshore financial centres play a legitimate and integral role in international finance and trade, and that their zero-tax structure allows financial planning and risk management and makes possible some of the cross-border vehicles necessary for global trade, including financing for aircraft and shipping or reinsurance of medical facilities. Proponents point to the tacit support of offshore centres by the governments of the United States (which promotes offshore financial centres by the continuing use of the Foreign Sales Corporation (FSC)) and United Kingdom (which actively promotes offshore finance in Caribbean dependent territories to help them diversify their economies and to facilitate the British Eurobond market). Opponents view them as draining tax revenues away from developed countries by allowing tax arbitrage, and rendering capital flows into and out of developing countries opaque. Very few commentators express neutral views.
Overseas Private Investment Corporation (OPIC), a U.S. government agency, when lending into countries with underdeveloped corporate law, often requires the borrower to form an offshore vehicle to facilitate the loan financing. One could argue that US external aid statutorily cannot even take place without the formation of offshore entities.
Offshore finance has been the subject of increased attention since 2000 and even more so since the April 2009G20 meeting, when heads of state resolved to "take action" against non-cooperative jurisdictions. Initiatives spearheaded by the Organisation for Economic Co-operation and Development (OECD), the Financial Action Task Force on Money Laundering (FATF) and the International Monetary Fund have had a significant effect on the offshore finance industry.

Edinburgh: A Leading European Financial Centre

Edinburgh is one of the world's top fund management hubs and a major European centre for asset servicing. More than half of the world’s top 20 financial organis...

Edinburgh is one of the world's top fund management hubs and a major European centre for asset servicing. More than half of the world’s top 20 financial organisations have substantial operations in Scotland, with a critical mass of activity in and around Edinburgh. It is the UK’s second largest financial centre with a growing reputation in the fintech economy.

Edinburgh is one of the world's top fund management hubs and a major European centre for asset servicing. More than half of the world’s top 20 financial organisations have substantial operations in Scotland, with a critical mass of activity in and around Edinburgh. It is the UK’s second largest financial centre with a growing reputation in the fintech economy.

Seoul remains a highly competitive, global financial city.
We rank 8th among 83 major cities on the latest Global Financial Centres Index.
Korea′s southern port city of Busan was 28th on the survey, conducted by London-based consultancy think tank Z/Yen Group.
However, both cities actually went down a spot from the last report six months ago, according to the Korea Institute of Finance.
New York and London placed first and second on the survey, followed by Hong Kong and Singapore.
The index defines financial centers as global cities with a heavy concentration of internationally significant financial institutions... and the rankings are based on six categories, including business and living environment, market access and human resources.

Seoul remains a highly competitive, global financial city.
We rank 8th among 83 major cities on the latest Global Financial Centres Index.
Korea′s southern port city of Busan was 28th on the survey, conducted by London-based consultancy think tank Z/Yen Group.
However, both cities actually went down a spot from the last report six months ago, according to the Korea Institute of Finance.
New York and London placed first and second on the survey, followed by Hong Kong and Singapore.
The index defines financial centers as global cities with a heavy concentration of internationally significant financial institutions... and the rankings are based on six categories, including business and living environment, market access and human resources.

Dubai International Financial Centre (DIFC) is the leading financial hub in the Middle East, Africa, and South Asia region (MEASA), providing a world-class platform connecting the region’s markets with the economies of Europe, Asia and the Americas.
Including an independent regulator and judicial system, a global financial exchange, inspiring architecture, powerful, enabling support services and a vibrant business community.
The infrastructure within the district features ultra-modern office space, retail outlets, cafes and restaurants, art galleries, residential apartments, public green areas and hotels.
Currently, more than 1750 active registered companies operate from the Centre, with a combined workforce of over 21,000 people.

Dubai International Financial Centre (DIFC) is the leading financial hub in the Middle East, Africa, and South Asia region (MEASA), providing a world-class platform connecting the region’s markets with the economies of Europe, Asia and the Americas.
Including an independent regulator and judicial system, a global financial exchange, inspiring architecture, powerful, enabling support services and a vibrant business community.
The infrastructure within the district features ultra-modern office space, retail outlets, cafes and restaurants, art galleries, residential apartments, public green areas and hotels.
Currently, more than 1750 active registered companies operate from the Centre, with a combined workforce of over 21,000 people.

On the Money: Moscow as global financial center?

DevelopingRussia's financial sector. With the global financial crisis of 2008--2010 underlining the need to develop the Russian financial sector, the call by P...

DevelopingRussia's financial sector. With the global financial crisis of 2008--2010 underlining the need to develop the Russian financial sector, the call by President Medvedev to place Moscow on the map of global financial centers has met a range of replies -- from disparagement to support for what is seen as a legitimate need for corporate Russia. On the Money spoke with industry players to look at the issues involved. Peter Lavelle's guests are:
Alexey Moiseev, VTB Capital, head of macroeconomic analysis. Before joining VTB Capital's Research team Alexey Moiseev has worked as an analyst at both Russian and international financial institutions, after starting his career at the Central Bank of Russia. Prior to VTB, Moiseev was head of Head of Fixed Income Research at Renaissance Capital for six years.
HawkSunshine, IFC METROPOL, managing director; Portfolio Investments. Hawk Sunshine has worked in Russian capital markets since 1997 (for Sovlink, DeutscheBank, Rosinter). In 2005 he joined IFC Metropol, having previously been head of international equity sales, head of equities, and head of investment banking, in 2010 Sunshine became head of portfolio management.
Julia Tsepliaeva, BNP Paribas, head of research, chief economist on Russia & CIS. She joined BNP Paribas in 2010 as a chief economist for Russia and CIS, and leads the Moscow-based Analytics department of the BNP Paribas. In this role she is responsible for Russian macroeconomic analysis and forecasting, and wider regional economic and political trend analysis for BNP Paribas clients.
Daniel Salter, UniCredit Securities, chief EEMEA equity strategist. Appointed in 2010 to co-ordinate UniCredit's EMEA strategy product, Mr. Salter previously worked for Deutsche Asset Management, where he was promoted to portfolio manager. He has lived in Moscow since 2000, where he initially headed up ABN AMRO's Russian equity business. Before joining UniCredit in 2010, Mr. Salter spent seven years at ING as emerging markets equity strategist.

DevelopingRussia's financial sector. With the global financial crisis of 2008--2010 underlining the need to develop the Russian financial sector, the call by President Medvedev to place Moscow on the map of global financial centers has met a range of replies -- from disparagement to support for what is seen as a legitimate need for corporate Russia. On the Money spoke with industry players to look at the issues involved. Peter Lavelle's guests are:
Alexey Moiseev, VTB Capital, head of macroeconomic analysis. Before joining VTB Capital's Research team Alexey Moiseev has worked as an analyst at both Russian and international financial institutions, after starting his career at the Central Bank of Russia. Prior to VTB, Moiseev was head of Head of Fixed Income Research at Renaissance Capital for six years.
HawkSunshine, IFC METROPOL, managing director; Portfolio Investments. Hawk Sunshine has worked in Russian capital markets since 1997 (for Sovlink, DeutscheBank, Rosinter). In 2005 he joined IFC Metropol, having previously been head of international equity sales, head of equities, and head of investment banking, in 2010 Sunshine became head of portfolio management.
Julia Tsepliaeva, BNP Paribas, head of research, chief economist on Russia & CIS. She joined BNP Paribas in 2010 as a chief economist for Russia and CIS, and leads the Moscow-based Analytics department of the BNP Paribas. In this role she is responsible for Russian macroeconomic analysis and forecasting, and wider regional economic and political trend analysis for BNP Paribas clients.
Daniel Salter, UniCredit Securities, chief EEMEA equity strategist. Appointed in 2010 to co-ordinate UniCredit's EMEA strategy product, Mr. Salter previously worked for Deutsche Asset Management, where he was promoted to portfolio manager. He has lived in Moscow since 2000, where he initially headed up ABN AMRO's Russian equity business. Before joining UniCredit in 2010, Mr. Salter spent seven years at ING as emerging markets equity strategist.

The Future of International Financial Centres - Richard Hay

Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Richard Hay presents the case for the importance, and especially the trustworthiness, of InternationalFinancial Centres. Whilst looking at the specific functions and roles that these centres occupy, he posits exactly what the world at large has to learn from them, and what they stand to lose without them. This is the second lecture from the LongFinanceSpringConference 2014.
With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011G20Summit...

published: 13 May 2014

Rejuvenating Tokyo as a Global Financial Center

This video is about Keiichi Aritomo's speech as a representative director at JIAM, for AIMAJapanForum 2017 which took place at Jiji Bldg in Ginza area, Japan.
Here is a powerpoint he used for his presentation.
http://www.seisakukikaku.metro.tokyo.jp/GFCT/english/pdf/290519/06interimreviewen.pdf

published: 14 Jun 2017

On the Money: Moscow as global financial center?

DevelopingRussia's financial sector. With the global financial crisis of 2008--2010 underlining the need to develop the Russian financial sector, the call by President Medvedev to place Moscow on the map of global financial centers has met a range of replies -- from disparagement to support for what is seen as a legitimate need for corporate Russia. On the Money spoke with industry players to look at the issues involved. Peter Lavelle's guests are:
Alexey Moiseev, VTB Capital, head of macroeconomic analysis. Before joining VTB Capital's Research team Alexey Moiseev has worked as an analyst at both Russian and international financial institutions, after starting his career at the Central Bank of Russia. Prior to VTB, Moiseev was head of Head of Fixed Income Research at Renaissance Capital...

published: 26 Feb 2011

LSE Events | Assessing Global Financial Stability

Financial instability can put growth at risk. How should global financial stability issues been analyzed? What is the IMF’s current assessment of global financial stability?
During his lecture, TobiasAdrian will discuss the main features of a framework to assess global financial stability in a comprehensive and consistent way. He will also present the analysis of the October 2017Global Financial StabilityReport, which identifies sources of financial instability and the policies to mitigate risks to growth. The report focuses on the interplay between financial and macroeconomic developments, and assesses the degree to which these interactions pose risks that could threaten economic growth.
Tobias Adrian, an LSE alumnus, is the Financial Counsellor and Director of the Monetary and Capit...

Follow the Flow: How Asset Management Is Reshaping the Global Financial System

Assets under management continue to grow and, by some forecasts, global AUM will top $100 trillion by 2020. Yet its concentration in fewer and fewer hands is a trend proceeding in parallel and raising the dangers associated with herd behavior and pro-cyclical investment strategies. Financial globalization is leading to more intense ebbs and flows of capital across borders, changing the fortunes of not only investors, but nations. In addition, the growth in the asset management industry is fundamentally changing the ways markets function - absorbing certain roles that used to be entirely the domain of investment banks - and distributing risk in unexpected ways. In light of these developments, are there systemic risks posed by concentration of assets or is the alarm borne from a fundamental ...

Roundtable: Has Brexit put the City of London at risk?

Brexit and the City of London. Will the UK's financial sector flounder without the EU, or is it an opportunity to flourish?
Opinion is divided over what Brexit will mean for the City of London. Revenues, jobs and its reputation as a leading global financial centre. Here's Roundtable correspondent Assed Baig in the City with some of the possible pros and cons.
Subscribe: http://trt.world/subscribe
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Facebook: http://trt.world/facebook
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Visit our website: http://trt.world

published: 29 Aug 2017

Livestream of the Global Financial Forum - Session 1

The Global Financial Forum organised by the DIFC, brings together a high-profile audience from the international finance community to address challenges and forge a path to navigate the future of finance with insightful talks and panel discussions by leading experts from across the world.

published: 14 Nov 2017

The Square Mile: a city of secrets

The 'Square Mile', officially known as the City of London, is the centre of global finance. It holds around 9.4 trillion pounds in banking assets from global institutes. But unlike anywhere else in the UK, the City has exclusive powers and privileges dating back to mediaeval times.
The Corporation holds such power that they have a senior representative with a seat in the House of Commons who keeps an eye on all legislation passing through. The Remembrancer -- as he is known -- is the city's eyes in Parliament and its lobbyist. The city is the only place in UK where businesses have a vote in local elections.
And with finance as the UK's second largest industry after manufacturing it holds sway at home as well as abroad. But is this an outdated set of privileges and does the City wield too ...

published: 26 Oct 2012

Financial centre

A financial centre is a location that is home to a cluster of nationally or internationally significant financial services providers such as banks, investment managers or stock exchanges.A prominent financial centre can be described as an international financial centre or a global financial centre and is often also a global city.An offshore financial centre is typically a smaller, low-tax jurisdiction that primarily serves non-residents.
---Image-Copyright-and-Permission---
About the author(s): User:Colin and Kim HansenLicense: Creative Commons Attribution-Share Alike4.0 (CC BY-SA 4.0)
Author(s): User:Colin (https://commons.wikimedia.org/wiki/User:Colin)
Kim Hansen (https://commons.wikimedia.org/wiki/User:Slaunger)
---Image-Copyright-and-Permission---
This channel is dedicated to make ...

BBC Masters of Money Karl Marx HD

Stephanie Flanders examines one of the most revolutionary and controversial thinkers of all. Karl Marx's ideas left an indelible stamp on the lives of billions of people and the world we live in today. As the global financial crisis continues on its destructive path, some are starting to wonder if he was right.
Marx argued that capitalism is inherently unfair and therefore doomed to collapse, so it should be got rid of altogether. Today as the gap between rich and poor continues to cause tension, his ideas are once again being taken seriously at the heart of global business.
Stephanie travels from Marx's birthplace to a former communist regime detention centre in Berlin and separates his economic analysis from what was carried out in his name. She asks what answers does Marx provide to t...

published: 30 Jan 2016

Financial crises research at the Cambridge Centre for Risk Studies

Investment risk models and economic assessments work well during periods of business-as-usual, but are deficient when the economy switches into a financial crisis. There are many examples of the failures of otherwise-reliable risk models during periods of market turmoil. Understanding the process of contagion in the financial markets, to the global banking system, and to sovereign and central banks remains a severe challenge. Regulators have responded to the financial crisis failures of 2008 by requiring financial institutions to instigate stress tests to demonstrate that their practices and risk capital are adequate for future crises, but these stress tests have been controversial.
The MarketRisk seminar, held on 8 December2015 at the University of CambridgeJudge Business School, prese...

Offshore Financial Centres: Help or Hindrance? | 03.03.10

Prominent US economist ProfessorJames R. Hines Jr is the Richard A. MusgraveCollegiate Professor of Economics and the L. Hart Wright Collegiate Professor of Law at the University of Michigan. He recently published a research report commissioned by the Society of Trust and Estate Practitioners highlighting the importance of offshore financial centres, and their contribution to the investment, employment, and the efficient functioning of markets and government policies in other countries.
He has written that:
"Offshore financial centres play a key role in the international financial system, improving the availability of credit and encouraging competition in domestic banking systems. The result is a boost in investment in the major economies, which ultimately support job creation and ...

published: 07 Jul 2010

London: The World’s Greatest Unplanned City

ProfessorPeter Rees, CBE
As City PlanningOfficer for the City of London, Peter led the planning and regeneration of this world business and financial centre from 1985 to 2014. He lectures internationally; advises developers and cities around the world on urban planning and design; and makes frequent media appearances on these topics. In 2015 he was created a CBE in the New Year Honours List.
'London has little appetite for planning. Apart from the interventions of the landed gentry and Victorian engineers, planning left London with the Romans. As a Londoner, I relish this untrammeled landscape of change; as the City's Chief Planner for nearly 3 decades, I’m not so sure. After the "Great Fire", the "Blitz" and the "Big Bang” the City re-emerged stronger, without a plan. Can it surviv...

The Future of International Financial Centres - Richard Hay

Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
...

Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Richard Hay presents the case for the importance, and especially the trustworthiness, of InternationalFinancial Centres. Whilst looking at the specific functions and roles that these centres occupy, he posits exactly what the world at large has to learn from them, and what they stand to lose without them. This is the second lecture from the LongFinanceSpringConference 2014.
With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011G20Summit in Cannes, PresidentNicolas Sarkozy stated, "We don't want any more tax havens. Our message is clear, countries that remain tax havens ... will be shunned by the international community". But do these centres add value? And what of onshore havens such as Delaware, Monaco, Luxembourg ... London? This symposium will explore the good, the bad and the ugly -- savings, crimes and tax. We will look at how offshore centres do add value, their dangers and how things might evolve to something, perhaps "mid-shore".
The transcript and downloadable versions of the lecture are available from the Gresham College Website: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,500 lectures free to access or download from the website.
Website: http://www.gresham.ac.uk
Twitter: http://twitter.com/GreshamCollege
Facebook: https://www.facebook.com/greshamcollege

Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Richard Hay presents the case for the importance, and especially the trustworthiness, of InternationalFinancial Centres. Whilst looking at the specific functions and roles that these centres occupy, he posits exactly what the world at large has to learn from them, and what they stand to lose without them. This is the second lecture from the LongFinanceSpringConference 2014.
With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011G20Summit in Cannes, PresidentNicolas Sarkozy stated, "We don't want any more tax havens. Our message is clear, countries that remain tax havens ... will be shunned by the international community". But do these centres add value? And what of onshore havens such as Delaware, Monaco, Luxembourg ... London? This symposium will explore the good, the bad and the ugly -- savings, crimes and tax. We will look at how offshore centres do add value, their dangers and how things might evolve to something, perhaps "mid-shore".
The transcript and downloadable versions of the lecture are available from the Gresham College Website: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,500 lectures free to access or download from the website.
Website: http://www.gresham.ac.uk
Twitter: http://twitter.com/GreshamCollege
Facebook: https://www.facebook.com/greshamcollege

Rejuvenating Tokyo as a Global Financial Center

This video is about Keiichi Aritomo's speech as a representative director at JIAM, for AIMAJapanForum 2017 which took place at Jiji Bldg in Ginza area, Japan....

This video is about Keiichi Aritomo's speech as a representative director at JIAM, for AIMAJapanForum 2017 which took place at Jiji Bldg in Ginza area, Japan.
Here is a powerpoint he used for his presentation.
http://www.seisakukikaku.metro.tokyo.jp/GFCT/english/pdf/290519/06interimreviewen.pdf

This video is about Keiichi Aritomo's speech as a representative director at JIAM, for AIMAJapanForum 2017 which took place at Jiji Bldg in Ginza area, Japan.
Here is a powerpoint he used for his presentation.
http://www.seisakukikaku.metro.tokyo.jp/GFCT/english/pdf/290519/06interimreviewen.pdf

On the Money: Moscow as global financial center?

DevelopingRussia's financial sector. With the global financial crisis of 2008--2010 underlining the need to develop the Russian financial sector, the call by P...

DevelopingRussia's financial sector. With the global financial crisis of 2008--2010 underlining the need to develop the Russian financial sector, the call by President Medvedev to place Moscow on the map of global financial centers has met a range of replies -- from disparagement to support for what is seen as a legitimate need for corporate Russia. On the Money spoke with industry players to look at the issues involved. Peter Lavelle's guests are:
Alexey Moiseev, VTB Capital, head of macroeconomic analysis. Before joining VTB Capital's Research team Alexey Moiseev has worked as an analyst at both Russian and international financial institutions, after starting his career at the Central Bank of Russia. Prior to VTB, Moiseev was head of Head of Fixed Income Research at Renaissance Capital for six years.
HawkSunshine, IFC METROPOL, managing director; Portfolio Investments. Hawk Sunshine has worked in Russian capital markets since 1997 (for Sovlink, DeutscheBank, Rosinter). In 2005 he joined IFC Metropol, having previously been head of international equity sales, head of equities, and head of investment banking, in 2010 Sunshine became head of portfolio management.
Julia Tsepliaeva, BNP Paribas, head of research, chief economist on Russia & CIS. She joined BNP Paribas in 2010 as a chief economist for Russia and CIS, and leads the Moscow-based Analytics department of the BNP Paribas. In this role she is responsible for Russian macroeconomic analysis and forecasting, and wider regional economic and political trend analysis for BNP Paribas clients.
Daniel Salter, UniCredit Securities, chief EEMEA equity strategist. Appointed in 2010 to co-ordinate UniCredit's EMEA strategy product, Mr. Salter previously worked for Deutsche Asset Management, where he was promoted to portfolio manager. He has lived in Moscow since 2000, where he initially headed up ABN AMRO's Russian equity business. Before joining UniCredit in 2010, Mr. Salter spent seven years at ING as emerging markets equity strategist.

DevelopingRussia's financial sector. With the global financial crisis of 2008--2010 underlining the need to develop the Russian financial sector, the call by President Medvedev to place Moscow on the map of global financial centers has met a range of replies -- from disparagement to support for what is seen as a legitimate need for corporate Russia. On the Money spoke with industry players to look at the issues involved. Peter Lavelle's guests are:
Alexey Moiseev, VTB Capital, head of macroeconomic analysis. Before joining VTB Capital's Research team Alexey Moiseev has worked as an analyst at both Russian and international financial institutions, after starting his career at the Central Bank of Russia. Prior to VTB, Moiseev was head of Head of Fixed Income Research at Renaissance Capital for six years.
HawkSunshine, IFC METROPOL, managing director; Portfolio Investments. Hawk Sunshine has worked in Russian capital markets since 1997 (for Sovlink, DeutscheBank, Rosinter). In 2005 he joined IFC Metropol, having previously been head of international equity sales, head of equities, and head of investment banking, in 2010 Sunshine became head of portfolio management.
Julia Tsepliaeva, BNP Paribas, head of research, chief economist on Russia & CIS. She joined BNP Paribas in 2010 as a chief economist for Russia and CIS, and leads the Moscow-based Analytics department of the BNP Paribas. In this role she is responsible for Russian macroeconomic analysis and forecasting, and wider regional economic and political trend analysis for BNP Paribas clients.
Daniel Salter, UniCredit Securities, chief EEMEA equity strategist. Appointed in 2010 to co-ordinate UniCredit's EMEA strategy product, Mr. Salter previously worked for Deutsche Asset Management, where he was promoted to portfolio manager. He has lived in Moscow since 2000, where he initially headed up ABN AMRO's Russian equity business. Before joining UniCredit in 2010, Mr. Salter spent seven years at ING as emerging markets equity strategist.

LSE Events | Assessing Global Financial Stability

Financial instability can put growth at risk. How should global financial stability issues been analyzed? What is the IMF’s current assessment of global financi...

Financial instability can put growth at risk. How should global financial stability issues been analyzed? What is the IMF’s current assessment of global financial stability?
During his lecture, TobiasAdrian will discuss the main features of a framework to assess global financial stability in a comprehensive and consistent way. He will also present the analysis of the October 2017Global Financial StabilityReport, which identifies sources of financial instability and the policies to mitigate risks to growth. The report focuses on the interplay between financial and macroeconomic developments, and assesses the degree to which these interactions pose risks that could threaten economic growth.
Tobias Adrian, an LSE alumnus, is the Financial Counsellor and Director of the Monetary and Capital MarketsDepartment of the International Monetary Fund (IMF). In this capacity, he leads the IMF’s work on financial sector surveillance, monetary and macroprudential policies, financial regulation, debt management, and capital markets. He also oversees capacity building activities in IMF member countries, particularly with regard to the supervision and regulation of financial systems, central banking, monetary and exchange rate regimes, and asset and liability management.
Prior to joining the IMF, Dr Adrian was a Senior Vice President of the Federal Reserve Bank of New York and the Associate Director of the Research and StatisticsGroup.
Dr Adrian taught at Princeton University and New York University and has published extensively in economics and finance journals, including the American Economic Review, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. His research spans asset pricing, financial institutions, monetary policy, and financial stability, with a focus on aggregate consequences of capital markets developments.
Wouter den Haan is Co-director for the Centre for Macroeconomics and Professor of Economics at LSE.
The Department of Economics at LSE (@LSEEcon) is one of the largest economics departments in the world. Its size ensures that all areas of economics are strongly represented in both research and teaching.
The Centre For Macroeconomics (@CFMUK) brings together world-class experts to carry out pioneering research on the global economic crisis and to help design policies that alleviate it.

Financial instability can put growth at risk. How should global financial stability issues been analyzed? What is the IMF’s current assessment of global financial stability?
During his lecture, TobiasAdrian will discuss the main features of a framework to assess global financial stability in a comprehensive and consistent way. He will also present the analysis of the October 2017Global Financial StabilityReport, which identifies sources of financial instability and the policies to mitigate risks to growth. The report focuses on the interplay between financial and macroeconomic developments, and assesses the degree to which these interactions pose risks that could threaten economic growth.
Tobias Adrian, an LSE alumnus, is the Financial Counsellor and Director of the Monetary and Capital MarketsDepartment of the International Monetary Fund (IMF). In this capacity, he leads the IMF’s work on financial sector surveillance, monetary and macroprudential policies, financial regulation, debt management, and capital markets. He also oversees capacity building activities in IMF member countries, particularly with regard to the supervision and regulation of financial systems, central banking, monetary and exchange rate regimes, and asset and liability management.
Prior to joining the IMF, Dr Adrian was a Senior Vice President of the Federal Reserve Bank of New York and the Associate Director of the Research and StatisticsGroup.
Dr Adrian taught at Princeton University and New York University and has published extensively in economics and finance journals, including the American Economic Review, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. His research spans asset pricing, financial institutions, monetary policy, and financial stability, with a focus on aggregate consequences of capital markets developments.
Wouter den Haan is Co-director for the Centre for Macroeconomics and Professor of Economics at LSE.
The Department of Economics at LSE (@LSEEcon) is one of the largest economics departments in the world. Its size ensures that all areas of economics are strongly represented in both research and teaching.
The Centre For Macroeconomics (@CFMUK) brings together world-class experts to carry out pioneering research on the global economic crisis and to help design policies that alleviate it.

Assets under management continue to grow and, by some forecasts, global AUM will top $100 trillion by 2020. Yet its concentration in fewer and fewer hands is a trend proceeding in parallel and raising the dangers associated with herd behavior and pro-cyclical investment strategies. Financial globalization is leading to more intense ebbs and flows of capital across borders, changing the fortunes of not only investors, but nations. In addition, the growth in the asset management industry is fundamentally changing the ways markets function - absorbing certain roles that used to be entirely the domain of investment banks - and distributing risk in unexpected ways. In light of these developments, are there systemic risks posed by concentration of assets or is the alarm borne from a fundamental misunderstanding of the role that managers play? In this new era, how is risk distributed? What new paradigms exist for analyzing it? The investors on this panel will discuss these and other conditions transforming the global monetary system.

Assets under management continue to grow and, by some forecasts, global AUM will top $100 trillion by 2020. Yet its concentration in fewer and fewer hands is a trend proceeding in parallel and raising the dangers associated with herd behavior and pro-cyclical investment strategies. Financial globalization is leading to more intense ebbs and flows of capital across borders, changing the fortunes of not only investors, but nations. In addition, the growth in the asset management industry is fundamentally changing the ways markets function - absorbing certain roles that used to be entirely the domain of investment banks - and distributing risk in unexpected ways. In light of these developments, are there systemic risks posed by concentration of assets or is the alarm borne from a fundamental misunderstanding of the role that managers play? In this new era, how is risk distributed? What new paradigms exist for analyzing it? The investors on this panel will discuss these and other conditions transforming the global monetary system.

Roundtable: Has Brexit put the City of London at risk?

Brexit and the City of London. Will the UK's financial sector flounder without the EU, or is it an opportunity to flourish?
Opinion is divided over what Brexit...

Brexit and the City of London. Will the UK's financial sector flounder without the EU, or is it an opportunity to flourish?
Opinion is divided over what Brexit will mean for the City of London. Revenues, jobs and its reputation as a leading global financial centre. Here's Roundtable correspondent Assed Baig in the City with some of the possible pros and cons.
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Visit our website: http://trt.world

Brexit and the City of London. Will the UK's financial sector flounder without the EU, or is it an opportunity to flourish?
Opinion is divided over what Brexit will mean for the City of London. Revenues, jobs and its reputation as a leading global financial centre. Here's Roundtable correspondent Assed Baig in the City with some of the possible pros and cons.
Subscribe: http://trt.world/subscribe
Livestream: http://trt.world/ytlive
Facebook: http://trt.world/facebook
Twitter: http://trt.world/twitter
Instagram: http://trt.world/instagram
Visit our website: http://trt.world

Livestream of the Global Financial Forum - Session 1

The Global Financial Forum organised by the DIFC, brings together a high-profile audience from the international finance community to address challenges and for...

The Global Financial Forum organised by the DIFC, brings together a high-profile audience from the international finance community to address challenges and forge a path to navigate the future of finance with insightful talks and panel discussions by leading experts from across the world.

The Global Financial Forum organised by the DIFC, brings together a high-profile audience from the international finance community to address challenges and forge a path to navigate the future of finance with insightful talks and panel discussions by leading experts from across the world.

The 'Square Mile', officially known as the City of London, is the centre of global finance. It holds around 9.4 trillion pounds in banking assets from global institutes. But unlike anywhere else in the UK, the City has exclusive powers and privileges dating back to mediaeval times.
The Corporation holds such power that they have a senior representative with a seat in the House of Commons who keeps an eye on all legislation passing through. The Remembrancer -- as he is known -- is the city's eyes in Parliament and its lobbyist. The city is the only place in UK where businesses have a vote in local elections.
And with finance as the UK's second largest industry after manufacturing it holds sway at home as well as abroad. But is this an outdated set of privileges and does the City wield too much political power and influence?
VoR' DanielCinna discusses this with Dr Lee Salter, the senior lecturer in journalism at the University of the West of England and co-producer of the Secret City film; David Wickenden, an investment banking business analyst; ProfessorTony Travers from the Department of Government at the London School of Economics; and Tim Groves from Occupy London.
http://ruvr.co.uk/2012_10_26/92442894/
Photo: Getty Images

The 'Square Mile', officially known as the City of London, is the centre of global finance. It holds around 9.4 trillion pounds in banking assets from global institutes. But unlike anywhere else in the UK, the City has exclusive powers and privileges dating back to mediaeval times.
The Corporation holds such power that they have a senior representative with a seat in the House of Commons who keeps an eye on all legislation passing through. The Remembrancer -- as he is known -- is the city's eyes in Parliament and its lobbyist. The city is the only place in UK where businesses have a vote in local elections.
And with finance as the UK's second largest industry after manufacturing it holds sway at home as well as abroad. But is this an outdated set of privileges and does the City wield too much political power and influence?
VoR' DanielCinna discusses this with Dr Lee Salter, the senior lecturer in journalism at the University of the West of England and co-producer of the Secret City film; David Wickenden, an investment banking business analyst; ProfessorTony Travers from the Department of Government at the London School of Economics; and Tim Groves from Occupy London.
http://ruvr.co.uk/2012_10_26/92442894/
Photo: Getty Images

Financial centre

A financial centre is a location that is home to a cluster of nationally or internationally significant financial services providers such as banks, investment m...

A financial centre is a location that is home to a cluster of nationally or internationally significant financial services providers such as banks, investment managers or stock exchanges.A prominent financial centre can be described as an international financial centre or a global financial centre and is often also a global city.An offshore financial centre is typically a smaller, low-tax jurisdiction that primarily serves non-residents.
---Image-Copyright-and-Permission---
About the author(s): User:Colin and Kim HansenLicense: Creative Commons Attribution-Share Alike4.0 (CC BY-SA 4.0)
Author(s): User:Colin (https://commons.wikimedia.org/wiki/User:Colin)
Kim Hansen (https://commons.wikimedia.org/wiki/User:Slaunger)
---Image-Copyright-and-Permission---
This channel is dedicated to make Wikipedia, one of the biggest knowledge databases in the world available to people with limited vision.
Article available under a Creative Commons licenseImage source in video

A financial centre is a location that is home to a cluster of nationally or internationally significant financial services providers such as banks, investment managers or stock exchanges.A prominent financial centre can be described as an international financial centre or a global financial centre and is often also a global city.An offshore financial centre is typically a smaller, low-tax jurisdiction that primarily serves non-residents.
---Image-Copyright-and-Permission---
About the author(s): User:Colin and Kim HansenLicense: Creative Commons Attribution-Share Alike4.0 (CC BY-SA 4.0)
Author(s): User:Colin (https://commons.wikimedia.org/wiki/User:Colin)
Kim Hansen (https://commons.wikimedia.org/wiki/User:Slaunger)
---Image-Copyright-and-Permission---
This channel is dedicated to make Wikipedia, one of the biggest knowledge databases in the world available to people with limited vision.
Article available under a Creative Commons licenseImage source in video

BBC Masters of Money Karl Marx HD

Stephanie Flanders examines one of the most revolutionary and controversial thinkers of all. Karl Marx's ideas left an indelible stamp on the lives of billions ...

Stephanie Flanders examines one of the most revolutionary and controversial thinkers of all. Karl Marx's ideas left an indelible stamp on the lives of billions of people and the world we live in today. As the global financial crisis continues on its destructive path, some are starting to wonder if he was right.
Marx argued that capitalism is inherently unfair and therefore doomed to collapse, so it should be got rid of altogether. Today as the gap between rich and poor continues to cause tension, his ideas are once again being taken seriously at the heart of global business.
Stephanie travels from Marx's birthplace to a former communist regime detention centre in Berlin and separates his economic analysis from what was carried out in his name. She asks what answers does Marx provide to the mess we are all in today.

Stephanie Flanders examines one of the most revolutionary and controversial thinkers of all. Karl Marx's ideas left an indelible stamp on the lives of billions of people and the world we live in today. As the global financial crisis continues on its destructive path, some are starting to wonder if he was right.
Marx argued that capitalism is inherently unfair and therefore doomed to collapse, so it should be got rid of altogether. Today as the gap between rich and poor continues to cause tension, his ideas are once again being taken seriously at the heart of global business.
Stephanie travels from Marx's birthplace to a former communist regime detention centre in Berlin and separates his economic analysis from what was carried out in his name. She asks what answers does Marx provide to the mess we are all in today.

Financial crises research at the Cambridge Centre for Risk Studies

Investment risk models and economic assessments work well during periods of business-as-usual, but are deficient when the economy switches into a financial cris...

Investment risk models and economic assessments work well during periods of business-as-usual, but are deficient when the economy switches into a financial crisis. There are many examples of the failures of otherwise-reliable risk models during periods of market turmoil. Understanding the process of contagion in the financial markets, to the global banking system, and to sovereign and central banks remains a severe challenge. Regulators have responded to the financial crisis failures of 2008 by requiring financial institutions to instigate stress tests to demonstrate that their practices and risk capital are adequate for future crises, but these stress tests have been controversial.
The MarketRisk seminar, held on 8 December2015 at the University of CambridgeJudge Business School, presented research work from the Cambridge Centre for Risk Studies, together with contributions from leading practitioners in understanding market tail risks, developing coherent stress tests, and instigating effective risk management strategies.
Presentation by Andrew Coburn.

Investment risk models and economic assessments work well during periods of business-as-usual, but are deficient when the economy switches into a financial crisis. There are many examples of the failures of otherwise-reliable risk models during periods of market turmoil. Understanding the process of contagion in the financial markets, to the global banking system, and to sovereign and central banks remains a severe challenge. Regulators have responded to the financial crisis failures of 2008 by requiring financial institutions to instigate stress tests to demonstrate that their practices and risk capital are adequate for future crises, but these stress tests have been controversial.
The MarketRisk seminar, held on 8 December2015 at the University of CambridgeJudge Business School, presented research work from the Cambridge Centre for Risk Studies, together with contributions from leading practitioners in understanding market tail risks, developing coherent stress tests, and instigating effective risk management strategies.
Presentation by Andrew Coburn.

Prominent US economist ProfessorJames R. Hines Jr is the Richard A. MusgraveCollegiate Professor of Economics and the L. Hart Wright Collegiate Professor of Law at the University of Michigan. He recently published a research report commissioned by the Society of Trust and Estate Practitioners highlighting the importance of offshore financial centres, and their contribution to the investment, employment, and the efficient functioning of markets and government policies in other countries.
He has written that:
"Offshore financial centres play a key role in the international financial system, improving the availability of credit and encouraging competition in domestic banking systems. The result is a boost in investment in the major economies, which ultimately support job creation and growth.
The evidence indicates that offshore centres contribute to financial development and stability in neighbouring countries, encouraging investment, employment and other aspects of business development. They have salutary effects on tax competition, promote good government, and enhance economic growth elsewhere in the world."
Professor Hines also serves as ResearchDirector of the Office of Tax Policy Research at the Ross School of Business where his research concerns various aspects of taxation. Additionally he is a research associate of the National Bureau of Economic Research, research director of the International Tax PolicyForum and the co-editor of the American Economic Association's Journal of Economic Perspectives.

Prominent US economist ProfessorJames R. Hines Jr is the Richard A. MusgraveCollegiate Professor of Economics and the L. Hart Wright Collegiate Professor of Law at the University of Michigan. He recently published a research report commissioned by the Society of Trust and Estate Practitioners highlighting the importance of offshore financial centres, and their contribution to the investment, employment, and the efficient functioning of markets and government policies in other countries.
He has written that:
"Offshore financial centres play a key role in the international financial system, improving the availability of credit and encouraging competition in domestic banking systems. The result is a boost in investment in the major economies, which ultimately support job creation and growth.
The evidence indicates that offshore centres contribute to financial development and stability in neighbouring countries, encouraging investment, employment and other aspects of business development. They have salutary effects on tax competition, promote good government, and enhance economic growth elsewhere in the world."
Professor Hines also serves as ResearchDirector of the Office of Tax Policy Research at the Ross School of Business where his research concerns various aspects of taxation. Additionally he is a research associate of the National Bureau of Economic Research, research director of the International Tax PolicyForum and the co-editor of the American Economic Association's Journal of Economic Perspectives.

ProfessorPeter Rees, CBE
As City PlanningOfficer for the City of London, Peter led the planning and regeneration of this world business and financial centre from 1985 to 2014. He lectures internationally; advises developers and cities around the world on urban planning and design; and makes frequent media appearances on these topics. In 2015 he was created a CBE in the New Year Honours List.
'London has little appetite for planning. Apart from the interventions of the landed gentry and Victorian engineers, planning left London with the Romans. As a Londoner, I relish this untrammeled landscape of change; as the City's Chief Planner for nearly 3 decades, I’m not so sure. After the "Great Fire", the "Blitz" and the "Big Bang” the City re-emerged stronger, without a plan. Can it survive the current tidal wave of loose global capital and an uncontrolled boom in residential property for investment?'
The BartlettSchool of Planning Lecture Series is supported by Capita’s property and infrastructure business, a leading multidisciplinary consultancy that provides real estate, design, project delivery, infrastructure, and business transformation services.
www.capita.co.uk/property

ProfessorPeter Rees, CBE
As City PlanningOfficer for the City of London, Peter led the planning and regeneration of this world business and financial centre from 1985 to 2014. He lectures internationally; advises developers and cities around the world on urban planning and design; and makes frequent media appearances on these topics. In 2015 he was created a CBE in the New Year Honours List.
'London has little appetite for planning. Apart from the interventions of the landed gentry and Victorian engineers, planning left London with the Romans. As a Londoner, I relish this untrammeled landscape of change; as the City's Chief Planner for nearly 3 decades, I’m not so sure. After the "Great Fire", the "Blitz" and the "Big Bang” the City re-emerged stronger, without a plan. Can it survive the current tidal wave of loose global capital and an uncontrolled boom in residential property for investment?'
The BartlettSchool of Planning Lecture Series is supported by Capita’s property and infrastructure business, a leading multidisciplinary consultancy that provides real estate, design, project delivery, infrastructure, and business transformation services.
www.capita.co.uk/property

The Future of International Financial Centres - Richard Hay

Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Richard Hay presents the case for the importance, and especially the trustworthiness, of InternationalFinancial Centres. Whilst looking at the specific functions and roles that these centres occupy, he posits exactly what the world at large has to learn from them, and what they stand to lose without them. This is the second lecture from the LongFinanceSpringConference 2014.
With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011G20Summit in Cannes, PresidentNicolas Sarkozy stated, "We don't want any more tax havens. Our message is clear, countries that remain tax havens ... will be shunned by the international community". But do these centres add value? And what of onshore havens such as Delaware, Monaco, Luxembourg ... London? This symposium will explore the good, the bad and the ugly -- savings, crimes and tax. We will look at how offshore centres do add value, their dangers and how things might evolve to something, perhaps "mid-shore".
The transcript and downloadable versions of the lecture are available from the Gresham College Website: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,500 lectures free to access or download from the website.
Website: http://www.gresham.ac.uk
Twitter: http://twitter.com/GreshamCollege
Facebook: https://www.facebook.com/greshamcollege

2:09

Asia's Global Financial Centre

Recognised as Asia's central business district and a gateway to China, Hong Kong is a glob...

Asia's Global Financial Centre

Recognised as Asia's central business district and a gateway to China, Hong Kong is a global financial centre built on a free economy, enviable tax rates and firm rule of law.
Speaker:
BEN HUNG,
CEO, GREATER CHINA
STANDARD CHARTERED BANK
Learn more about the Asian Financial Forum in Hong Kong: http://www.asianfinancialforum.com/en/index.htm
More videos in this series: http://www.hkbizservices.hktdc.com/
Produced with Siren Films - http://www.sirenfilms.com/

5:29

Financial centres are the main attraction

From Sydney to New York, the world's prominent cities have seen a flood of investment in p...

Financial centres are the main attraction

From Sydney to New York, the world's prominent cities have seen a flood of investment in property from Asian buyers. AlistairElliott, senior partner and chairman at Knight Frank, talks to the FT's JoshNoble about what investors are looking for from property investment and where they are likely to put their money in 2014.
For more video content from the Financial Times, visit http://www.FT.com/video
Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k
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Facebook https://www.facebook.com/financialtimes

2:05

What makes an international financial centre?

International financial centres compete on various different aspects, says Bonnie Chan, Pa...

From local to global - building a modern financial centre

Our research identifies four phases as a financial centre grows from serving a local market, to becoming a globally connected international financial centre. It also examines the common characteristics that define a centre at each stage. The full report can be downloaded from http://www.cityoflondon.gov.uk/researchpublications.

Global Financial Centres Index 15

Global Financial Centres Index 15 (GFCI) 15 provides profiles, rating and rankings for 83 financial centres. The aim of the GFCI is to examine the major financial centres globally in terms of competitiveness.

Barclays CEO: London Will Remain Financial Center

Speaking at the World Economic Forum inDavos, Switzerland, Jes Staley, chief executive of British lender Barclays, said he believes London will preserve its status as a financial hub after Brexit because of the complex “ecosystem” of expertise that it thrives on.
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2:38

Istanbul Financial Centre (IFC)

AGAOGLU INVİTES THE REGİON’S INVESTORS EXCLUSİVELY TO THE LAUNCH OF WORLD’S NEWEST FİNANCİ...

Istanbul Financial Centre (IFC)

AGAOGLU INVİTES THE REGİON’S INVESTORS EXCLUSİVELY TO THE LAUNCH OF WORLD’S NEWEST FİNANCİAL CENTRE AT CİTYSCAPE GLOBAL2015IstanbulFinancial Centre (IFC) project had its world premiere in Cityscape 2015 with a prestigious ribbon cutting ceremony at 2:00pm along with its introductory film on 8th of September 2015 at their booth S3 – E10 with the presence of TurkishConsul General, H.E.Erdem Ozan.
The project was inspired by studying examples of prominent financial centers around the world. Financial centers in New York, London, Dubai and in the Far East were all examined to identify needs and develop the similar business model in Turkey. The Istanbul International Financial Center project, located in one of the most prominent areas of Istanbul that promises a prestigious investment, is a LEEDGold certificate candidate; a globally accepted certificate for green buildings.
The project is slated to initially turn Istanbul into a regional financial hub and eventually grow into a global financial hub.
Istanbul International Financial Center project will rise over a 303,000 m2 land space and 3,181,116m2 of construction area. Its architecture will embody Ottoman influences from the Grand Bazaar and the Topkapı Palace. Headquarters of prominent institutions, such as Central Bank of the Republic of Turkey, Turkish RepublicZiraat Bank, Halk Bank, Vakıflar Bank, Banking Regulation and Supervision Agency and Capital Markets Board of Turkey will also be present within the project. Additionally, the project will consist of four main regions and also host private management and audit companies, several buildings that belong to banks and financial institutions, a congress and cultural centre and houses as well as support and service units.
Ali El Salih, the foreign customer relations manager of Agaoglu, states “Istanbul International Financial Center Project, with its transportation, sustainability, structural, mechanical, electrical, geotechnical, security systems, information technology and a world-class quality of infrastructure disciplines will enable the finance center to be a benchmark project amongst other financial centers and it is located at the most valuable land to investment in Istanbul.”
Tax Advantages to Foreign Investors
The IFC project will be subject to separate regulations, by introducing a special mechanism in order to support the Financial Centre business model. Tax, allocation of investment, infrastructure works and services will be placed into this special incentive arrangement, hence encouraging foreign investment.
IFC is a Project Supported by The Turkish Government
IFC project has been established with the collaboration of Ministry of Development in Turkey and it is under the guarantee of Emlak Konut endorsed by TOKİ PrimeMinistry. Major government and semi government entities will be presented with their IFC offices in Istanbul.
Legal Implementation System Practised in IFC
Agaoglu has established a system for international law regulations which will be effecting the general operation of the Istanbul International Financial Centre; from taxing to law and from human resources to marketing the entire centre.
Shopping Mall, Cinema & Conference Center
About 41 thousand square meters of the overall 98 thousand square meter of the project enables IFC to be the shining star of Istanbul located in Atasehir and will cherish its surroundings with various facilities like congress and culture centers with 2.500 capacity to host word-class events, schools, mosques, police stations, fire stations, conference halls and shopping mall. The shopping mall will have 152 commercial units of various sizes and 9 cinemas. In accordance the project will accommodate 50.000 employees influencing a lively cultural and social life will be your gateway to a prestigious world with office and residence choices. There will be a car park with the capacity to host approximately 8000 vehicles, 4300 of which will be in the third region of the project.

1:56

Positioning Toronto as a Global Financial Centre

In May, the Board brought together global thought leaders and business influencers for its...

The 100th Floor Observation Deck of the Shanghai World Financial Center

Note: Low quality night video.
Hello every Skyscraping bodayyy! This is a very short 1 minute video containing footage I took while visiting the highest observation deck of the Shanghai World Financial Center (100thFloor). The building resembles a bottle opener, and it is nicknamed as such. In fact, I could even buy a functional can opener in the shape of the building, on the 94th Floor gift shop! :D
The first half of the video faces east toward the Pacific Ocean. The second half faces west, with a view of the nearby Jin Mao Tower, only slightly shorter than the SWFC. Unfortunately, there was some rolling fog clipping the building, so you couldn't see much below.
I will return during the day and record much more footage of not only the ObservationPlatform, but many other areas of the building as well!

6:02

Promoting a global financial centre

The inaugural chairman of the Hong Kong's new Financial Services Development Council, Laur...

Promoting a global financial centre

The inaugural chairman of the Hong Kong's new Financial ServicesDevelopmentCouncil, Laura Cha, says the "practitioner and market-based body" will emphasise its promotional role, helping the city compete globally with other financial centres in Asia.
Related websites:
HKTDCResearch: http://hong-kong-economy-research.hktdc.com/business-news/article/Hong-Kong-Industry-Profiles/Banking-Industry-in-Hong-Kong/hkip/en/1/1X000000/1X003ULX.htm

13:08

What is OFFSHORE FINANCIAL CENTRE? What does OFFSHORE FINANCIAL CENTRE mean?

What is OFFSHORE FINANCIAL CENTRE? What does OFFSHORE FINANCIAL CENTRE mean? OFFSHORE FINA...

What is OFFSHORE FINANCIAL CENTRE? What does OFFSHORE FINANCIAL CENTRE mean?

What is OFFSHORE FINANCIAL CENTRE? What does OFFSHORE FINANCIAL CENTRE mean? OFFSHORE FINANCIAL CENTRE meaning - OFFSHORE FINANCIAL CENTRE definition - OFFSHORE FINANCIAL CENTRE explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
An offshore financial centre (OFC) is a small, low-tax jurisdiction specializing in providing corporate and commercial services to non-resident offshore companies, and for the investment of offshore funds. The term was coined in the 1980s. The International Monetary Fund (IMF) defines an offshore financial centre as "a country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing of its domestic economy." Although information is still limited, there is strong evidence that OFCs captured a significant amount of global financial flows and functions both as back doors and partners of leading financial centre especially since the 1970s.
Whether a financial centre is to be characterized as "offshore" is a question of degree. Indeed, the IMF WorkingPaper cited above notes that its definition of an offshore centre would include the United Kingdom and the United States, which are ordinarily counted as "onshore" because of their large populations and inclusion in international organisations such as the G20 and OECD.
The more nebulous term "tax haven" is often applied to offshore centres, leading to confusion between the two concepts. In Tolley's International Initiatives Affecting Financial Havens the author in the Glossary of Terms defines an "offshore financial centre" in forthright terms as "a politically correct term for what used to be called a tax haven." However, he then qualifies this by adding, "The use of this term makes the important point that a jurisdiction may provide specific facilities for offshore financial centres without being in any general sense a tax haven." A 1981 report by the United States Internal Revenue Service concluded: "a country is a tax haven if it looks like one and if it is considered to be one by those who care."
With its connotations of financial secrecy and tax avoidance, "tax haven" is not always an appropriate term for offshore financial centres, many of which have no statutory banking secrecy, and most of which have adopted tax information exchange protocols to allow foreign countries to investigate suspected tax evasion.
Views of offshore financial centres tend to be polarised. Proponents suggest that reputable offshore financial centres play a legitimate and integral role in international finance and trade, and that their zero-tax structure allows financial planning and risk management and makes possible some of the cross-border vehicles necessary for global trade, including financing for aircraft and shipping or reinsurance of medical facilities. Proponents point to the tacit support of offshore centres by the governments of the United States (which promotes offshore financial centres by the continuing use of the Foreign Sales Corporation (FSC)) and United Kingdom (which actively promotes offshore finance in Caribbean dependent territories to help them diversify their economies and to facilitate the British Eurobond market). Opponents view them as draining tax revenues away from developed countries by allowing tax arbitrage, and rendering capital flows into and out of developing countries opaque. Very few commentators express neutral views.
Overseas Private Investment Corporation (OPIC), a U.S. government agency, when lending into countries with underdeveloped corporate law, often requires the borrower to form an offshore vehicle to facilitate the loan financing. One could argue that US external aid statutorily cannot even take place without the formation of offshore entities.
Offshore finance has been the subject of increased attention since 2000 and even more so since the April 2009G20 meeting, when heads of state resolved to "take action" against non-cooperative jurisdictions. Initiatives spearheaded by the Organisation for Economic Co-operation and Development (OECD), the Financial Action Task Force on Money Laundering (FATF) and the International Monetary Fund have had a significant effect on the offshore finance industry.

3:58

Edinburgh: A Leading European Financial Centre

Edinburgh is one of the world's top fund management hubs and a major European centre for a...

Edinburgh: A Leading European Financial Centre

Edinburgh is one of the world's top fund management hubs and a major European centre for asset servicing. More than half of the world’s top 20 financial organisations have substantial operations in Scotland, with a critical mass of activity in and around Edinburgh. It is the UK’s second largest financial centre with a growing reputation in the fintech economy.

The Future of International Financial Centres - Richard Hay

Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Richard Hay presents the case for the importance, and especially the trustworthiness, of InternationalFinancial Centres. Whilst looking at the specific functions and roles that these centres occupy, he posits exactly what the world at large has to learn from them, and what they stand to lose without them. This is the second lecture from the LongFinanceSpringConference 2014.
With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011G20Summit in Cannes, PresidentNicolas Sarkozy stated, "We don't want any more tax havens. Our message is clear, countries that remain tax havens ... will be shunned by the international community". But do these centres add value? And what of onshore havens such as Delaware, Monaco, Luxembourg ... London? This symposium will explore the good, the bad and the ugly -- savings, crimes and tax. We will look at how offshore centres do add value, their dangers and how things might evolve to something, perhaps "mid-shore".
The transcript and downloadable versions of the lecture are available from the Gresham College Website: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,500 lectures free to access or download from the website.
Website: http://www.gresham.ac.uk
Twitter: http://twitter.com/GreshamCollege
Facebook: https://www.facebook.com/greshamcollege

42:05

Rejuvenating Tokyo as a Global Financial Center

This video is about Keiichi Aritomo's speech as a representative director at JIAM, for AIM...

Rejuvenating Tokyo as a Global Financial Center

This video is about Keiichi Aritomo's speech as a representative director at JIAM, for AIMAJapanForum 2017 which took place at Jiji Bldg in Ginza area, Japan.
Here is a powerpoint he used for his presentation.
http://www.seisakukikaku.metro.tokyo.jp/GFCT/english/pdf/290519/06interimreviewen.pdf

On the Money: Moscow as global financial center?

DevelopingRussia's financial sector. With the global financial crisis of 2008--2010 underlining the need to develop the Russian financial sector, the call by President Medvedev to place Moscow on the map of global financial centers has met a range of replies -- from disparagement to support for what is seen as a legitimate need for corporate Russia. On the Money spoke with industry players to look at the issues involved. Peter Lavelle's guests are:
Alexey Moiseev, VTB Capital, head of macroeconomic analysis. Before joining VTB Capital's Research team Alexey Moiseev has worked as an analyst at both Russian and international financial institutions, after starting his career at the Central Bank of Russia. Prior to VTB, Moiseev was head of Head of Fixed Income Research at Renaissance Capital for six years.
HawkSunshine, IFC METROPOL, managing director; Portfolio Investments. Hawk Sunshine has worked in Russian capital markets since 1997 (for Sovlink, DeutscheBank, Rosinter). In 2005 he joined IFC Metropol, having previously been head of international equity sales, head of equities, and head of investment banking, in 2010 Sunshine became head of portfolio management.
Julia Tsepliaeva, BNP Paribas, head of research, chief economist on Russia & CIS. She joined BNP Paribas in 2010 as a chief economist for Russia and CIS, and leads the Moscow-based Analytics department of the BNP Paribas. In this role she is responsible for Russian macroeconomic analysis and forecasting, and wider regional economic and political trend analysis for BNP Paribas clients.
Daniel Salter, UniCredit Securities, chief EEMEA equity strategist. Appointed in 2010 to co-ordinate UniCredit's EMEA strategy product, Mr. Salter previously worked for Deutsche Asset Management, where he was promoted to portfolio manager. He has lived in Moscow since 2000, where he initially headed up ABN AMRO's Russian equity business. Before joining UniCredit in 2010, Mr. Salter spent seven years at ING as emerging markets equity strategist.

1:08:57

LSE Events | Assessing Global Financial Stability

Financial instability can put growth at risk. How should global financial stability issues...

LSE Events | Assessing Global Financial Stability

Financial instability can put growth at risk. How should global financial stability issues been analyzed? What is the IMF’s current assessment of global financial stability?
During his lecture, TobiasAdrian will discuss the main features of a framework to assess global financial stability in a comprehensive and consistent way. He will also present the analysis of the October 2017Global Financial StabilityReport, which identifies sources of financial instability and the policies to mitigate risks to growth. The report focuses on the interplay between financial and macroeconomic developments, and assesses the degree to which these interactions pose risks that could threaten economic growth.
Tobias Adrian, an LSE alumnus, is the Financial Counsellor and Director of the Monetary and Capital MarketsDepartment of the International Monetary Fund (IMF). In this capacity, he leads the IMF’s work on financial sector surveillance, monetary and macroprudential policies, financial regulation, debt management, and capital markets. He also oversees capacity building activities in IMF member countries, particularly with regard to the supervision and regulation of financial systems, central banking, monetary and exchange rate regimes, and asset and liability management.
Prior to joining the IMF, Dr Adrian was a Senior Vice President of the Federal Reserve Bank of New York and the Associate Director of the Research and StatisticsGroup.
Dr Adrian taught at Princeton University and New York University and has published extensively in economics and finance journals, including the American Economic Review, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. His research spans asset pricing, financial institutions, monetary policy, and financial stability, with a focus on aggregate consequences of capital markets developments.
Wouter den Haan is Co-director for the Centre for Macroeconomics and Professor of Economics at LSE.
The Department of Economics at LSE (@LSEEcon) is one of the largest economics departments in the world. Its size ensures that all areas of economics are strongly represented in both research and teaching.
The Centre For Macroeconomics (@CFMUK) brings together world-class experts to carry out pioneering research on the global economic crisis and to help design policies that alleviate it.

Follow the Flow: How Asset Management Is Reshaping the Global Financial System

Assets under management continue to grow and, by some forecasts, global AUM will top $100 trillion by 2020. Yet its concentration in fewer and fewer hands is a trend proceeding in parallel and raising the dangers associated with herd behavior and pro-cyclical investment strategies. Financial globalization is leading to more intense ebbs and flows of capital across borders, changing the fortunes of not only investors, but nations. In addition, the growth in the asset management industry is fundamentally changing the ways markets function - absorbing certain roles that used to be entirely the domain of investment banks - and distributing risk in unexpected ways. In light of these developments, are there systemic risks posed by concentration of assets or is the alarm borne from a fundamental misunderstanding of the role that managers play? In this new era, how is risk distributed? What new paradigms exist for analyzing it? The investors on this panel will discuss these and other conditions transforming the global monetary system.

1:20:38

Between Debt and the Devil: money, credit and fixing global finance

Speaker(s): Lord Turner
Chair: Robert Peston
Recorded on 21 October 2015 at Sheikh Zayed...

Roundtable: Has Brexit put the City of London at risk?

Brexit and the City of London. Will the UK's financial sector flounder without the EU, or is it an opportunity to flourish?
Opinion is divided over what Brexit will mean for the City of London. Revenues, jobs and its reputation as a leading global financial centre. Here's Roundtable correspondent Assed Baig in the City with some of the possible pros and cons.
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2:27:52

Livestream of the Global Financial Forum - Session 1

The Global Financial Forum organised by the DIFC, brings together a high-profile audience ...

Livestream of the Global Financial Forum - Session 1

The Global Financial Forum organised by the DIFC, brings together a high-profile audience from the international finance community to address challenges and forge a path to navigate the future of finance with insightful talks and panel discussions by leading experts from across the world.

28:32

The Square Mile: a city of secrets

The 'Square Mile', officially known as the City of London, is the centre of global finance...

The Square Mile: a city of secrets

The 'Square Mile', officially known as the City of London, is the centre of global finance. It holds around 9.4 trillion pounds in banking assets from global institutes. But unlike anywhere else in the UK, the City has exclusive powers and privileges dating back to mediaeval times.
The Corporation holds such power that they have a senior representative with a seat in the House of Commons who keeps an eye on all legislation passing through. The Remembrancer -- as he is known -- is the city's eyes in Parliament and its lobbyist. The city is the only place in UK where businesses have a vote in local elections.
And with finance as the UK's second largest industry after manufacturing it holds sway at home as well as abroad. But is this an outdated set of privileges and does the City wield too much political power and influence?
VoR' DanielCinna discusses this with Dr Lee Salter, the senior lecturer in journalism at the University of the West of England and co-producer of the Secret City film; David Wickenden, an investment banking business analyst; ProfessorTony Travers from the Department of Government at the London School of Economics; and Tim Groves from Occupy London.
http://ruvr.co.uk/2012_10_26/92442894/
Photo: Getty Images

21:58

Financial centre

A financial centre is a location that is home to a cluster of nationally or internationall...

Financial centre

A financial centre is a location that is home to a cluster of nationally or internationally significant financial services providers such as banks, investment managers or stock exchanges.A prominent financial centre can be described as an international financial centre or a global financial centre and is often also a global city.An offshore financial centre is typically a smaller, low-tax jurisdiction that primarily serves non-residents.
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Offshore Financial Centres: Help or Hindrance? | 0...

London: The World’s Greatest Unplanned City...

Gizmodo reported on Wednesday that a former Google engineer is suing the company for discrimination, harassment, retaliation, and wrongful termination ...Chevalier's posts had been quoting in Damore's lawsuit against Google, who is also suing the company for alleged discrimination against conservative white men ... “Firing the employee who pushed back against the bullies was exactly the wrong step to take.” ... But the effect is the same....

The woman tasked with caring for accused Florida shooter Nikolas Cruz and his brother have moved quickly to file court papers seeking control of their inheritance the day after the massacre at Majory Stoneman Douglas High School, Newsweek reported. When the mother of Nikolas and Zachary Cruz died from flu-related pneumonia last November, their lives were entrusted to Roxanne Deschamps, the report said....

OSLO. Sea levels will rise between 0.7 and 1.2 metres in the next two centuries even if governments end the fossil fuel era as promised under the Paris climate agreement, scientists said on Tuesday ...Ocean levels will rise inexorably because heat-trapping industrial gases already em­­itted will linger in the atmosphere, melting more ice, it said. In addition, water naturally expands as it warms above four degrees Celsius (39.2F) ... ....

Special CounselRobert Mueller's probe is prepared to accept a guilty plea from the London-based son-in-law of a Russian businessman after he made false statements during the investigation into alleged Russian interference in the 2016 U.S. presidential election, according to the Washington Post... Tymoshenko was later imprisoned by former president Viktor Yanukovych after signing a controversial deal with Russia for natural gas ... U.S ... U.S....

Article by WN.Com Correspondent Dallas DarlingTo this day it’s something my aunt hardly mentions, let alone discusses. And like a few other families living in the United States, it’s taboo and completely off limits ... Neither was it as widespread, since Japan had nearly conquered most of East Asia including parts of China. But still, U.S ... authorities continued the comfort station system absent formal slavery ... The U.S ... military authorities ... ....

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London — More than 60 Conservative legislators have written to Theresa May demanding a quick, clean break from the EU, adding pressure on the prime minister before her ministers meet to decide Britain’s negotiating position ... It is pressing for a status-quo transition period, which Brexit campaigners fear will see Britain subject to new EU laws that could threaten the status of London’sfinancialcentre ... Reuters ....

Britain should not force its regulators into trade-offs between market stability and helping London remain a leading global financialcentre after the country leaves the European Union, a top regulator said on Tuesday ... If markets are kept safe and well regulated, a globally competitive financialcentre will follow, said Randell, a former corporate lawyer who advised the government on banking bailouts during the financial crisis....

Deutsche Bank and Land Securities exchanged on a pre-let agreement for the 469,000 square foot office in July last year, a deal that was widely-regarded as a vote of confidence in London's future as a global financialcentre....

Financial services can survive the former, but would suffer heavy losses at the hands of the latter ...Yesterday, two competing visions for the future of financial services were articulated ... trade in financial services ... It would, in Corbyn’s own words, be “a threat” to London’s hard-won standing as a global financialcentre....

Pune. Nationalist Congress Party (NCP) chief Sharad Pawar on Wednesday said that only the Congress has the capacity to provide an alternative to the BJP in the country ... When Thackeray asked him how he viewed the bullet train project and similar such efforts by Gujarati businessmen and politicians to “penetrate” into Mumbai, Pawar said, “Yes, there will be efforts to take control of Mumbai as it is the financialcentre (of the country)....

the advent of user-controlled networks based on intrinsically trustworthy transactions and secure/private transparency offer game-changing improvements in countless financial and commercial applications ... He is also a longstanding financial journalist, having worked for leading digital financial news agencies in North America and in London’s financialcentre....

LONDON. More than 60 Conservative lawmakers have written to Theresa May demanding a quick, clean break from the European Union, adding pressure on the prime minister before her ministers meet to decide Britain's negotiating position ... It is pressing for a status-quo transition period, which Brexit campaigners fear will see Britain subject to new EU laws that could threaten the status of London'sfinancialcentre ... ....

When whether if the international financial services centre at the GIFT City can be a competitor to Mumbai, UTIMutual Fund chief Leo Puri said,"it is a well intentioned idea but fundamentally a flawed idea. "It might do some good because hopefully we will have a successful real estate project in Gujarat but it will not be a successful financialcentre," he added....

French finance chief says Paris can take London'sfinancialcentre crown ...The Germanfinancial capital saw 164,000 square metres taken up by banks during 2017 – more than double the 2015 figure ... “We are convinced that London will remain a big international financialcentre,” de Bresson said, but warned that “parts of the [financial services] activity will certainly be rebalanced.”....